• BlockchainEthereum
  • CMC Rank#110
  • Total Supply1.500.000.000
  • Circ. Supply154.569.474
  • Market Cap$856.314.886
  • 24h Volume $294.468.332
Price
5.54
0.00008754
-1,39%(24h)
-0.07808257

1inch exchange launched in August 2020 following a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, IOSG, Dragonfly Capital, FTX, LAUNCHub Ventures and Divergence Ventures. 1INCH integrates Uniswap, Kyber, Curve, Oasis, 0x, and other DEX protocols.

By integrating with various DEX service providers, it allows users to trade with various ERC-20 tokens on different DEXs for the best transaction prices. 1inch also launched Mooniswap, its own automated market maker (AMM). AMMs substantially change the way users swap cryptocurrencies. Meanwhile, liquidity providers earn a passive income from trading fees that are based on the proportion of their contribution to the pools.

The 1inch team has launched Chi, a next-generation Gastoken (CHI) that allows users to significantly save on gas. Transactions on 1inch are up to 42% cheaper because of CHI GasToken innovation. 1inch offers the best rates by discovering the most efficient swapping routes across all leading DEXes.