1inch Information

1inch is a decentralized exchange aggregator that sources liquidity from various platforms, optimizing trades to provide users with the best possible rates. It seamlessly integrates with multiple blockchains, allowing users to swap tokens efficiently and with reduced transaction fees. The platform also offers its native 1INCH token, which facilitates governance and incentivizes liquidity provision.

1inch

$0.35

Title : 1inch
Symbol : 1inch
Current Price $ : 0.347309 $
High 24h : 0.357257 $
Low 24h : 0.329376 $
Price Change 24h : 0.00856122 $
Price Change % 24h : 2.52731 %
Market Cap : 485982102
Website : https://1inch.io/
Community : https://www.youtube.com/channel/UCk0nvK4bHpteQXZKv7lkq5w
Total Volume : 44646581
Market Cap Change 24h : 8566058
Market Cap Change % 24h : 1.79425 %
Circulating Supply : 1398072394.5791
Total Supply : 1499999999.997
Max Supply : 1499999999.997
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 8.65
ATH Change % : -95.986 %
ATH Date : 2021-10-27 08:24
All Time Low (ATL) : 0.214183
ATL Change % : 62.1399 %
ATL Date : 2024-09-04 01:07

more information

Understanding 1inch: A Comprehensive Overview

1inch is a decentralized exchange (DEX) aggregator that sources liquidity from various exchanges to offer users the best price for their trades. Utilizing an algorithm to discover a range of decentralized exchanges, 1inch uniquely allows users to optimize trading paths with minimal slippage and competitive rates. Founded in 2020 by Sergej Kunz and Anton Bukov, 1inch Network quickly made its mark as a leading tool in the DeFi ecosystem.

The Journey of 1inch Coin

Launched in December 2020, the 1inch token has become integral to the governance and utility of the 1inch platform. Its ATH (all-time high) was $8.65 on October 27, 2021, during a major bull market for cryptocurrencies. Like many in the crypto sphere, 1inch has since experienced significant price fluctuations, with the market cooling over time. As of now, the 1inch token trades at approximately $0.27, representing a substantial decrease from its peak. However, it has also seen a recovery from its ATL (all-time low) of $0.214183 in September 2024.

Advantages of 1inch

The primary advantage of 1inch lies in its ability to find the most efficient trading routes across multiple DEXs, reducing slippage which can be a significant issue in crypto trading. This feature can lead to more favorable trading outcomes for users. Additionally, the protocol integrates with a wide array of DEXs, giving users extensive liquidity options.

Another advantage is user governance through the 1inch DAO, which allows token holders to vote on changes to the protocol. This level of community involvement ensures that updates and governance are aligned with the needs and wants of the user base.

Challenges Facing 1inch

While 1inch offers a robust solution for DEX users, it faces challenges primarily related to the volatile nature of the crypto market. The decline from its ATH is a testament to how susceptible the token is to broader market conditions. Additionally, the rapid pace of innovation in the DeFi space means 1inch consistently needs to innovate and improve its offerings to stay ahead in a competitive field.

Future Prospects for 1inch

The future of 1inch looks promising, particularly given the growing emphasis on decentralized finance. As more users turn to DeFi solutions for trading and investing, platforms like 1inch that offer efficiency and cost-savings are likely to remain in demand. Furthermore, innovations in decentralized finance and the continued development of the 1inch protocol could position it to leverage new opportunities within the crypto financial ecosystem.

Conclusion

1inch has established itself as a crucial player in the DeFi world, providing valuable liquidity optimization services for users. Despite a volatile price history, its utility and community-driven governance model provide a strong foundation for future growth. As decentralized finance continues to evolve, 1inch has the potential to further solidify its position in the market, driven by its commitment to innovation and user engagement.

General Information
from price $0
Title 1inch
Symbol 1inch
Whitepaper -
Website https://1inch.io/
Community https://www.youtube.com/channel/UCk0nvK4bHpteQXZKv7lkq5w
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 0.347309 $
High 24h 0.357257 $
Low 24h 0.329376 $
Price Change 24h 0.00856122 $
Price Change % 24h 2.52731 %

Market Data
Market Cap 485982102
Total Volume 44646581
Market Cap Change 24h 8566058
Market Cap Change % 24h 1.79425 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 1398072394.5791
Total Supply 1499999999.997
Max Supply 1499999999.997

Historical Data
All Time High (ATH) 8.65
ATH Change % -95.986 %
ATH Date 2021-10-27 08:24
All Time Low (ATL) 0.214183
ATL Change % 62.1399 %
ATL Date 2024-09-04 01:07