What Is 1inch (1INCH)?
1inch is a decentralized exchange (DEX) aggregator that connects multiple DEXs into a single platform, enabling users to find the most efficient swap routes across all integrated protocols. By eliminating manual price comparisons, 1inch optimizes token swaps for better rates and faster execution.
Key features:
- Liquidity aggregation: Pulls liquidity from various DEXs to offer competitive pricing.
- Launch: Debuted in August 2020 after a $2.8M funding round led by Binance Labs and Galaxy Digital.
- Mooniswap: Introduced its own automated market maker (AMM) in 2020.
- Governance: Launched the 1INCH token and transitioned to DAO governance in December 2020.
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Who Founded 1inch?
The project was co-founded by Sergej Kunz and Anton Bukov, who leveraged their expertise in smart contracts and DeFi to address fragmented liquidity issues.
What Makes 1inch Unique?
- Optimal Swap Routes: Algorithms scan hundreds of DEXs to minimize slippage.
- Multi-Chain Support: Operates on Ethereum, BNB Chain, Polygon, and more.
- Gas Efficiency: Reduces transaction costs through split transactions.
Circulating Supply of 1INCH
As of 2025, the circulating supply is 1.5B 1INCH tokens, with a max supply capped at 1.5B.
How Is the 1inch Network Secured?
- Smart Contract Audits: Regularly reviewed by third-party firms.
- DAO Governance: Token holders vote on protocol upgrades.
Where to Buy 1INCH
Available on major exchanges like:
- Binance
- Coinbase
- Kraken
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FAQ
Q: Is 1inch better than Uniswap?
A: It depends—1inch aggregates Uniswap’s liquidity but offers additional rate optimization.
Q: How does 1inch earn revenue?
A: Through swap fees and partnerships with liquidity providers.
Q: Can I stake 1INCH?
A: Yes, via the 1inch DAO or supported DeFi platforms.