What Is 1Inch?
The 1Inch Exchange is a DEX aggregator that scans prices across many decentralized exchanges like Uniswap and Pancakeswap to give you the lowest prices for your trades. By searching over 250+ protocols, it has deeper liquidity and less slippage than other DEXs so you always get the best market rates.
The platform supports 10 blockchains including Ethereum, BNB Chain, Polygon, Optimism and Avalanche so you can trade 1000s of tokens at the best prices.
1Inch has become one of the most popular DEXs in the world. It has $245B+ in total volume, 23M+ trades, and 3.5M+ wallets. They've also launched a DeFi wallet which has been downloaded 50k+ times on Google play and the 1Inch Token has 130k+ holders at the time of this writing.
What Blockchains Does It Support?
Currently, 1Inch supports 10 Blockchains and scans 250+ liquidity sources to find you the best market rates.
- BNB Chain
What Can You Do On 1Inch?
The core feature 1Inch offers is helping you swap 1000s of cryptocurrencies at the best rates across multiple networks like Ethereum, BNB Chain, and more. But 1Inch also has a non-custodial DeFi wallet, 1Inch Earn, Staking, and more.
- Swap: Trade 1000s of tokens across 10 blockchains
- 1Inch Token: Governance and utility token which offers Gas Fee rebates and more
- Defi Wallet: An iOS/Google Play non-custodial wallet with trading, staking, NFT support, Dapp Browser, and GameFi features
- 1Inch Earn: Participate in staking, liquidity pools and yield farming
The 1Inch project was founded in 2019 by Surjey Kunz and Anton Bukov. It has grown into one of the leading DEXs in the cryptocurrency space.
According to its website, it has an impressive list of partners including MetaMask, Bitpay, NEAR, The Graph, and more. It's investors include the biggest VC firms in the world like Pantera Capital, Galaxy Digital, Alameda Research, and others as well like Binance Labs and Gemini Frontier Fund.