Decentralized exchange (DEX) aggregator 1inch.exchange has launched its own automated market maker (AMM), Mooniswap, according to a company press release shared with The Block.
1inch started out as a product for aggregating liquidity across DEXes, gaining traction in the DeFi space by integrating many liquidity sources and tokens. The project's aggregation feature allowed users to swap between different tokens at cheaper prices and with a wide range of options.
Major liquidity sources that 1inch has integrated with include Uniswap, Balancer, Bancor and Kyber Network. In March, the protocol integrated version 2 of Uniswap's protocol.
AMMs are "liquidity pools" that allow users to easily switch between tokens in a decentralized and non-custodial manner. Bancor was the first project to …