As of the latest data, 1inch Network (1INCH) is currently priced at $0.4138 with a market capitalization of $492.96M. The 24-hour trading volume stands at $19.58M, The circulating supply of 1inch Network is approximately 1.16B. The cryptocurrency has seen a -2.74% decrease in value over the past 24 hours.
The 1inch Network is a decentralized platform that brings together various protocols to offer users the most profitable, fastest, and secure operations in the DeFi space. Its initial protocol is a DEX aggregator that scans deals across multiple liquidity sources, providing users with better rates than individual exchanges. The network utilizes the Pathfinder algorithm to find the best paths among different markets on various chains like Ethereum, BNB Chain, Polygon, and more. Additionally, the 1inch Liquidity Protocol safeguards users from front-running attacks and offers attractive opportunities to liquidity providers. The 1inch Limit Order Protocol enables innovative and flexible limit order swap opportunities in DeFi, including features like dynamic pricing, conditional orders, and extra RFQ support.
Overall, the 1inch Network aims to enhance the DeFi experience by offering efficient and secure trading solutions through its various protocols. Users can benefit from better rates, protection from front-running attacks, and innovative limit order swap opportunities. The network's integration with multiple liquidity sources across different chains ensures that users can access the best deals available in the market. Whether users are looking to trade, provide liquidity, or engage in limit order swaps, the 1inch Network provides a comprehensive solution that caters to their needs. With its focus on speed, profitability, and security, the 1inch Network stands out as a valuable platform in the DeFi ecosystem.
1inch Network is a decentralized exchange aggregator that operates on a peer-to-peer basis, allowing users to access multiple decentralized exchanges and liquidity pools to find the best prices for their trades. Built on Ethereum blockchain technology, 1inch Network utilizes smart contracts to execute transactions securely and efficiently. Its unique feature lies in its Pathfinder algorithm, which routes trades through the most cost-effective paths, maximizing returns for users. The network also employs a unique governance token, 1INCH, which allows holders to participate in decision-making processes. By leveraging decentralized technology and consensus mechanisms, 1inch Network offers users a more efficient and transparent way to trade assets, providing a wide range of use cases across various platforms and industries, disrupting traditional financial systems with its innovative approach to decentralized finance.
To keep your 1inch Network (1INCH) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets provide an extra layer of protection by storing your private keys offline. Additionally, trusted platforms like Nexo, Coinbase, and YouHodler offer secure storage options for your 1INCH tokens. By utilizing these reputable platforms and hardware wallets, you can better safeguard your assets from potential threats and unauthorized access.
