Current Market Overview
The 1INCH token has experienced a 0% price change over the past 7 days, with no movement in the last 24 hours. As of now, 1INCH is trading at $0 per token.
Key Metrics:
- Market Cap: $0
- Circulating Supply: 0
What Is 1inch Network (1INCH)?
Launched in 2019 at the ETHGlobal New York hackathon, 1inch Network is a pioneering DeFi aggregation platform that optimizes decentralized trading by sourcing liquidity across multiple blockchain networks. Its ecosystem integrates:
- 1inch Aggregation Protocol (for efficient cross-DEX transactions).
- 1inch Liquidity Protocol (an AMM with anti-front-running features).
- 1inch Limit Order Protocol (for advanced trading strategies).
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How Does 1inch Network Work?
The platform’s Pathfinder algorithm splits trades across decentralized exchanges (DEXes) to secure the best rates. Key operational highlights:
- Decentralized Governance: Managed by the 1inch DAO, where 1INCH holders vote on protocol upgrades.
- Multi-Chain Support: Deployed on Ethereum, Polygon, and other EVM-compatible chains.
- User-Centric Design: Offers "Simple" and "Classic" modes for traders of all experience levels.
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Unique Features of 1inch Network
- Decentralized Protocol Synergy: Aggregates liquidity from 100+ sources.
- Enhanced Security: Protects against MEV (Maximal Extractable Value) exploits.
- Governance Flexibility: Token holders influence network parameters.
- Multi-Chain Accessibility: Supports 10+ blockchains.
Did You Know? 1inch recently launched a Web3 debit card in partnership with Mastercard.
1INCH Tokenomics & Utility
| Aspect | Details |
|--------------------------|------------------------------------------|
| Total Supply | 1.5 billion 1INCH |
| Governance | Voting rights via 1inch DAO |
| Utility | Priority swap execution in Fusion mode |
| Distribution | 30% community incentives, 14.5% growth fund |
How to Buy 1INCH Tokens
- Sign up on a supported exchange (e.g., Coinmetro).
- Deposit funds via fiat or crypto.
- Trade for 1INCH instantly.
Pro Tip: Store tokens in a non-custodial wallet for full governance participation.
FAQs
Q1: What blockchain is 1INCH built on?
A: Primarily Ethereum, but it’s cross-chain compatible with Polygon, BSC, and others.
Q2: How does 1inch ensure the best swap rates?
A: By splitting orders across multiple DEXes using its Pathfinder algorithm.
Q3: Can I stake 1INCH tokens?
A: Yes, through the 1inch Liquidity Protocol to earn rewards.
Q4: What’s the max supply of 1INCH?
A: Capped at 1.5 billion tokens.
Q5: How does 1inch prevent front-running?
A: Via its AMM design and transaction batching.
Final Thoughts
1inch Network redefines DeFi efficiency with its aggregation tech and decentralized governance. For traders seeking optimized swaps and governance opportunities, 1INCH is a compelling asset.
Ready to dive deeper? 👉 Discover How MEV Impacts Your DeFi Trades
Note: Prices and metrics are dynamic—always verify real-time data before trading.
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