Cryptocurrencies 1inch - dapp.expert
1inch 1INCH

1inch Network - a cryptocurrency exchange (DEX)

$0.386739
-0.54%
Market Cap
$448,053,034.63
-0.66%
Fully Diluted Market Cap
$582,252,826.00
-0.66%
Volume
24h
$27,327,037.00
Volume / Market Cap
0.0610
Circulating Supply
1,158,541,121.09
77%
Max Supply 1,500,000,000.00
Total Supply 1,500,000,000.00
Low : $0.37
High : $0.39
Tags

1inch Network — a decentralized cryptocurrency exchange (DEX), based on the Ethereum blockchain. The exchange runs on several decentralized applications (dApps), united in a single ecosystem.

Contents:

What is 1inch Network?

The network brings together decentralized protocols that enable the most profitable, fastest and most secure transactions in the DeFi space.

Protocols:

First 1inch Network protocol It is a decentralized exchange aggregator (DEX) solution. It seeks trades from multiple sources of liquidity, offering users better rates than any single exchange. The protocol includes the Pathfinder algorithm to find the best paths through 70+ liquidity sources on Ethereum, 40+ liquidity sources on Binance Smart Chain, 20+ liquidity sources on Polygon.
1inch liquidity protocol It is a next generation of an automated market maker (AMM) that protects users from attacks and offers attractive opportunities to liquidity providers.

The Limit Order Protocol facilitates the most innovative and flexible way to replace limit orders in DeFi. Its features such as dynamic pricing, conditional orders and optional RFQ support support various implementations, including stop loss and trailing stops as well as auctions.

1inсh Wallet - a multi-chain mobile platform that provides an easy-to-navigate interface with secure storage, transaction and trade placement options. This versatile wallet has been built from the ground up to optimize your experience with 1inch features.

Network uniqueness

In addition to accessing the deepest liquidity from multiple sources on Ethereum, Binance Smart Chain, Polygon, Optimistic Ethereum and Arbitrum, 1inch Network offers users attractive prices and a high degree of security, being the most proven project in DeFi. All transactions occur within a single transaction from the user's wallet to any of the supported blockchains and second-level networks.

The technical structure of all company protocols also ensures a high degree of security for users. For example, insecure sources of liquidity can connect to the protocol without the risk of users losing funds. The protocol integrates security checks during every transaction to prevent any loss. As of October 2021, more than 120 liquidity sources are integrated into the 1inch network.

Buying a token

The 1inch Network 1INCH governance token helps to vote on protocol parameters within the decentralized autonomous organization (DAO) model. In August 2020, 1inch received a $2.8 million funding round from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures. 1INCH is available on several exchanges, including:

  • Binance;
  • Huobi Global;
  • Coinbase;
  • FTX;
  • Kraken;
  • KuCoin;
  • OKEx.

The project's smart contracts have been audited by leading audit teams in the industry such as OpenZeppelin, Consensys diligence, SlowMist, Haechi Labs, CoinFabrik, Certik, Hacken, Scott Bigelow, MixBytes and Chainsulting.

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