Live 1INCH Price Analysis
The current 1inch Network (1INCH) price stands at $0.1753**, with a 24-hour trading volume of **$10,153,045. Over the past day, the price decreased by 5.66%, while showing a slight 0.05% increase over the last week. The network's market capitalization is $244,416,288, supported by a circulating supply of 1,393,972,552 1INCH coins. Currently ranked #142 in the crypto market, 1INCH remains 97.77% below its all-time high and 76.43% above its all-time low.
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What Is the 1inch Network?
The 1inch Network is a decentralized exchange (DEX) aggregator designed to optimize token swaps by scanning multiple liquidity sources. Its proprietary algorithm, 1inch Pathfinder, identifies the most efficient trading routes across protocols like:
- Limit Order Protocol: Supports advanced order types (stop-loss, trailing stops).
- Liquidity Protocol: An AMM model protecting against front-running.
- Aggregation Protocol: Combines liquidity from various DEXes for optimal rates.
Key Features:
- Governance DAO: Community-driven protocol upgrades via 1INCH token voting.
- Multi-Chain Support: Operates on Ethereum, Binance Smart Chain, Polygon, and more.
The Evolution of 1inch Network
Founded in 2019 by Sergej Kunz and Anton Bukov during the ETHGlobal hackathon, the project solved a critical pain point: time-consuming price comparisons across DEXes. Their collaboration led to a top-tier DeFi aggregator now trusted by millions.
1INCH Token Utility and Tokenomics
Governance & Utility:
- Voting Rights: Stakeholders influence protocol parameters via instant governance.
- Liquidity Routing: Acts as a connector in the Liquidity Protocol.
- Staking Rewards: Earn APR by staking in derivatives pools (rebalanced weekly).
Token Distribution:
- Total Supply: 1.5 billion 1INCH.
Allocation:
- 30% Community incentives
- 22.5% Core contributors
- Remaining: Backers and ecosystem fund.
FAQ: 1inch Network Explained
1. How does 1inch Network ensure the best swap rates?
By aggregating liquidity from 100+ DEXes and using Pathfinder to calculate cost-effective routes.
2. Can I stake 1INCH tokens?
Yes! Stake in liquidity pools to earn yields and participate in governance.
3. What chains support 1inch Network?
Ethereum, BSC, Polygon, Arbitrum, Optimism, and others.
👉 Explore 1INCH staking opportunities
Final Thoughts
The 1inch Network combines advanced aggregation technology with community governance, making it a standout in DeFi. While its token is volatile, its utility in routing and staking offers long-term value. Always DYOR before investing!
Data updated in real-time. Secure your assets with Ledger or Trezor.