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1INCH Price   

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1INCH

1inch  

#1INCH

1INCH Price:
$0.56
Volume:
$45.2 M
All Time High:
$8.77
Market Cap:
$0.4 B


Circulating Supply:
791,468,969
Exchanges:
51
Total Supply:
1,500,000,000
Markets:
74
Max Supply:
1,500,000,000
Pairs:
60



  1INCH PRICE


The price of #1INCH today is $0.56 USD.

The lowest 1INCH price for this period was $0, the highest was $0.564, and the exact current price of one 1INCH crypto coin is $0.56376.

The all-time high 1INCH coin price was $8.77.

Use our custom price calculator to see the hypothetical price of 1INCH with market cap of ETH or other crypto coins.


  1INCH OVERVIEW


The code for 1inch is also #1INCH.

1inch is 2.1 years old.


  1INCH MARKET CAP


The current market capitalization for 1inch is $446,196,887.

1inch is ranked #95 out of all coins, by market cap (and other factors).


  1INCH VOLUME


The trading volume is large today for #1INCH.

Today's 24-hour trading volume across all exchanges for 1inch is $45,171,885.


  1INCH SUPPLY


The circulating supply of 1INCH is 791,468,969 coins, which is 53% of the maximum coin supply.


  1INCH BLOCKCHAIN


1INCH is a token on the Ethereum blockchain, and has digital contracts with 6 other blockchains.

See list of the 1INCH Blockchain contracts with 7 different blockchains.


  1INCH EXCHANGES


1INCH is well integrated with many pairings with other cryptocurrencies and is listed on at least 51 crypto exchanges.

View #1INCH trading pairs and crypto exchanges that currently support #1INCH purchase.


  1INCH RESOURCES


Website1inch.io
Whitepaperdocs.1inch.io
Twitter1inch
Redditr/1inch
TelegramOneInchNetwork
DiscordFZADkCZ
Mediumblog.1inch.io
Instagram1inch


  1INCH DEVELOPER NEWS



1inch Monthly Digest: January

The 1inch Network is happy to present you the January digest of major news and updates. — Updates, news and integrations. — The 1inch Foundation allocated 10 mln 1INCH tokens to the newly launched Delegation Incentive Program, which aims to incentivize the delegation of 1INCH stakers’ Unicorn Power to Fusion mode resolvers. Under the new staking model, users who stake their 1INCH tokens, receive Unicorn Power, which could be used in votes for major network decisions or delegated to one of the resolvers — in exchange for delegation rewards. The new program stipulates that 250,000 1INCH tokens shall be distributed to 1inch resolvers once a week. The resolvers, in turn, will use these funds to reward stakers who delegated them their Unicorn Power. Meanwhile, as 1inch is eager to expand its ecosystem of products and projects, it was glad to unveil The 1inch Hardware Wallet, a cutting-edge cold crypto storage solution, developed by an independent team within the 1inch Network. The wallet is expected to go on sale later this year, while its waiting list has already been opened. January also saw a few notable integrations involving 1inch. A partnership with Beefy enables users to easily get into and out of Beefy vaults. Also, SwapFish, a decentralized exchange on Arbitrum and BNB Chain, was integrated into 1inch. In addition, thanks to an integration with CoinStats, users can now conveniently track assets on th...




1inch’s meetup at the WEF Annual Meeting

For the first time, the 1inch Network organized a full-fledged meetup at a major global economic event. On January 17, the 1inch Network held a meetup, Institutions and DeFi in 2023, at the World Economic Forum Annual Meeting, attracting the most prominent personalities in DeFi, as well as those from outside the space. The one-day meetup featured a keynote address from Sergej Kunz, 1inch co-founder, centered on how better user experience could attract mass users to DeFi, as well as the panel discussions On the ‘Road to Irrelevance’: Why is crypto still relevant for institutions, Is the crypto winter a good time to invest into crypto assets?, Regulating DeFi: How to reach a balance between protecting users and fostering innovation and DeFi Going Forward: 2023 crypto trends. In addition, a partnership between 1inch and Burrito Wallet was announced at the meetup. “Through a partnership between 1inch and Burrito Wallet, Korean users will be able to comply with Korean Travel Rules, navigate DEXes and DeFi platforms and find the most optimal prices,” comments Andrew Chung, Chief Financial Officer and Head of Global Partnerships at Burrito Wallet. Participants stressed the importance of the topics discussed at the meetup, noting that the DeFi space is likely to face a number of challenges in 2023, such as tightening regulations and a need to offer users convenient solutions for crypto self-custody. “2023 will see an on...




Web3 top values: powering the Web evolution

Web3 has become a symbol of a new and better Internet era. Identifying its main features and advantages will help determine Web3 prospects and relevance to a user. The Web’s evolution can be broken down into three stages. The first stage, or Web1, is also called “read-only” due to its practically one-way user interaction. It started around 1990 and lasted a bit more than ten years. The first generation of the Web offered only static pages with very little chance for users to engage with one another. Providers and server administrators were those who controlled and owned the data. Web2 emerged in the mid-2000s and has remained a part of most people’s daily lives so far. Signature features of Web2 are the flourishing of tech giants, user-generated content and e-commerce, as well as users embracing social networks and content platforms, such as content-sharing websites or blogs. Web2 represents most of the applications and social networks that are widely used today. Data is owned by platforms and companies, and users still depend on their trustworthiness and reliability. In turn, Web3 relies on blockchain technology and fosters decentralization of projects and businesses and users’ control over their data. Since 2014, when the term was first used, it has had a parallel existence with a second generation of the World Web, just like Web2 coexisted for a long time with its predecessor. — How Web3 enhances user exp...




1inch incentivizes Unicorn Power delegation

10 mln 1INCH tokens have been allocated to incentivize stakers’ delegation of Unicorn Power to resolvers. The 1inch Foundation has allocated 10 mln 1INCH tokens to the Delegation Incentive Program, which aims to incentivize the delegation of 1INCH stakers’ Unicorn Power to resolvers. Last December, in a breakthrough move set to take user’s DeFi experience to a new level, the 1inch Network launched Fusion mode, which enables users to make swaps without paying network fees. Swap orders are filled by resolvers — professional market makers who pay applicable gas fees, while profiting from arbitrage trading. To help facilitate the new system, the 1inch Resolver Incentive Program was launched in December, 2022, aimed to compensate resolvers’ gas costs. Meanwhile, users who stake their 1INCH tokens, now receive Unicorn Power, which could be used in votes for major network decisions or delegated to one of the resolvers — in exchange for delegation rewards. To learn more about 1INCH staking, check out this Help Сenter article. Fusion mode offers users a totally new approach to DeFi transactions, and, to incentivize the process of Unicorn Power delegation to resolvers, 250,000 1INCH tokens will be distributed to 1inch resolvers once a week. The resolvers, in turn, will use these funds to reward stakers who delegated them Unicorn Power, making the staking of 1INCH tokens extremely attractive. The number of tokens t...




Introducing the 1inch Hardware Wallet

As the 1inch Network is eager to expand its ecosystem of products and projects, here comes the 1inch Hardware Wallet, a cutting-edge solution for cold crypto storage. When it comes to crypto storage, security is one of the main concerns. As isolated devices that store a user’s address and private keys, hardware wallets offer top-level security. They are offline, non-custodial, and have several security levels protecting data from various kinds of attacks. Usually, hardware wallets are used as extra protection to manually approve transactions or for cold storage of crypto. The 1inch Hardware Wallet, which is currently in its final stages of development and is expected to go on sale later this year, offers the safest approach to storing users’ private keys in an offline, simple and open-source way. Supported by a grant from the 1inch Foundation, the wallet is being developed by an independent team working within the 1inch Network. Here’s a quick overview of the 1inch Hardware Wallet’s features. The device is fully air-gapped, as it has no buttons and does not require any wired connection. All data is exchanged using QR codes or, optionally, with NFC. Users can take advantage of transparent transaction signing, as opposed to blind signing offered by some other devices. To prevent hacker attacks and theft of funds, full transaction parsing and call data offline analysis is done. If a transaction a user is signing gets ...




Navigating trading strategies to profit from crypto

A wise use of different trading strategies can help traders to stay profitable through bullish and bearish cycles. Professional traders use various trading strategies, often combining them or switching from one to another. Advanced strategies usually require proficiency in technical analysis (TA), a method used to evaluate market trading opportunities by analyzing price movements and asset volume data. Meanwhile, a basic understanding of market trends might be sufficient for simpler strategies. Charts reflecting an asset’s prices within specific time intervals can be found on various web resources like Coinmarketcap. The 1inch Wallet app for iOS also provides access to the charts and enables users to create watch lists for specific tokens to follow their value fluctuations. — Long-term trading strategies. — Long-term trading styles are less risky and sometimes quite passive, involving just buying and holding certain tokens. Similarly, they are not so stressful as they don’t require monitoring the market on a daily basis. You can also read this article for more information on choosking assets for long-term trading strategies. Holding, buy-and-hold or HODLing means buying crypto and not selling it even in case of price changes in the market. A patient holder waits for considerable value growth. The term HODL is frequently used when describing this strategy, which is an acronym for “holding on for dear life”...




1inch at the World Economic Forum Annual Meeting

At one of the main global economic events, 1inch will host a meetup, Institutions and DeFi in 2023, followed by a party. The 1inch Network will feature prominently at the World Economic Forum Annual Meeting, a major international event that brings together top execs, as well as selected politicians and representatives of civil society, academia and the media. Scheduled to be held in Davos, Switzerland on January 16–20, this year’s edition is entitled Cooperation in a Fragmented World. Participants are expected to discuss possible solutions to a number of ongoing crises that the world is facing at this critical inflection point. Appreciating the role of decentralized finance in the current tumultuous economic environment, 1inch is hosting a meetup, Institutions and DeFi in 2023, which will gather a number of prominent personalities in the DeFi space. Sergej Kunz, 1inch co-founder, will give a keynote address centered on how better user experience could attract mass users to DeFi. The meetup will also feature the panel discussions On the ‘Road to Irrelevance’: Why is crypto still relevant for institutions, Is the crypto winter a good time to invest into crypto assets?, Regulating DeFi: How to reach a balance between protecting users and fostering innovation and DeFi Going Forward: 2023 crypto trends, as well as Q&A sessions and networking opportunities. A full schedule can be found here. To register on Eventbrite,...




1inch partners with Beefy

The partnership will enable users to easily get into and out of Beefy vaults with any tokens. The 1inch Network is happy to announce a partnership with Beefy, a multichain yield optimizer, under which the 1inch API will power ZAP V2, a tool enabling users to enter Beefy’s yield-earning products from any asset. “We think 1inch is the perfect partner to help us deliver on our ZAP tooling,” says Weso, head of developer operations at Beefy. “Querying 1inch’s public API, the Beefy application can display the rates offered by 1inch to our users, to give an accurate picture of how much it will cost to enter our vaults in one click.” “We are glad to collaborate with Beefy, as this partnership facilitates better user experience, which, in turn, will help to onboard more users to the DeFi space,” adds Sergej Kunz, 1inch co-founder. The partnership is centered on using the 1inch API to power a new version of Beefy’s ZAP, a tool enabling users to receive attractive returns on Beefy’s yield-earning products without handling any coins except those they already have in their wallets. The 1inch API now powers Beefy’s ZAP V2, available on BNB Chain, Polygon, Optimism, Arbitrum, Fantom, Avalanche and Aurora. When a user chooses a vault and clicks on the “Select Token” drop down menu on the “Deposit” tab to choose the asset they want to deposit with, the Zap Route section will show them a route suggested by 1in...




DeFi Visions: Fredrik Haga

In DeFi Visions, a series of video interviews, the 1inch Network talks to the most prominent people in the DeFi space. This post contains the main takeaways from a recent interview with Fredrik Haga, co-founder and CEO of Dune. Fredrik first got into crypto in 2015 when he heard about Bitcoin in a podcast, which instantly made him curious. “I directly fell down the rabbit hole,” he recalls. Meanwhile, Fredrik’s journey into crypto space wasn’t an easy one. “It was a tough time when we started in 2018. We had been running Dune for seven months without salaries, without any funding, and we were about to quit,” he says. “But then, luckily, we got accepted into an accelerator, and we got a pre-seed investment.” “We realized it’s very hard to get the data out of the blockchain,” he goes on to say. But to know if the project succeeds, you must understand your users and data. One of the things that we have done right at Dune is to think deeply about the implications of open data.” Currently, Dune aims to provide crypto investors and analysts with dashboards driven by blockchain data to help them research different projects. Fredrik says he is now very proud of the Dune community: “Many of our creators learned a new skill set with us. We’ve built a way for them to contribute to the whole industry without being developers.” “And another thing we do is make people analyze across systems, chains and lay...




1inch Monthly Digest: December

The 1inch Network is happy to present you the December digest of major news and updates. Updates, news and integrations In late December, 1inch released Fusion, a major upgrade centered around the 1inch Swap Engine — a unique combination of existing and new tech aiming to take the profitability and security of swaps to a new level. The 1inch Swap Engine facilitates Fusion mode, which enables users to place orders with a specified price and time range, paying no network fees. In addition, the upgrade contains major improvements to security, as well as updated staking contracts and tokenomics. Staying on the topic of new releases, earlier in December, version 3 of the 1inch Limit Order Protocol and the 1inch DeFi Wallet v1.8 for Android were released. December also saw a few notable integrations involving 1inch. Soulbonds prepared progression traits for on-chain traders on 1inch. Meanwhile, 1inch integrated the Baby Doge router as a new liquidity source and also partnered up with Commonwealth to use its all-in-one governance platform. In December, the 1inch Network continued to run DeFi Visions, a series of video interviews with DeFi’s most prominent personalities and projects. The most recent installments featured Alex Shevchenko, CEO of Aurora, Kirill Arutyunov, CTO of NearPay, Ruslan Serebriakov, senior smart contract engineer at Trust Wallet, and Ivan Liljeqvist, founder and CEO of Moralis. The main takeaways from ...




  1INCH NEWS


1inch Foundation Allocates 10 Million Tokens To The Delegation Incentive...

    1inch Network, a DEX aggregating platform, has allocated 10 million INCH tokens to its Delegation Incentive Program, a press release on January 24 shows. The goal is to incentivize more 1INCH stakers to delegate their Unicorn Power to resolvers. Incentivize 1inch Stakers' Delegation To Resolvers 1inch Network wants to increase the number of resolvers within its platform. Accordingly, it launched the 1inch Resolver Incentive Program in December 2022. The program's goal was to compensate resolvers for the cost of gas they pay when they fill in user orders.  As part of this arrangement, the aggregator encourages its users to stake 1INCH, their native governance token. Any user who stakes the governance token receives Unicorn Power in place of delegation rewards.  Unicorn Power can either be delegated to resolvers or be used when voting on crucial network decisions. The aggregator has stated that the number of Unicorn Power received directly depends on the lockup period. Stakers who lock their assets for longer will receive more Unicorn Power. Following this announcement, 1inch Network will now distribute 250,000 1INCH to resolvers weekly. The program will run until all 10 million 1INCH are distributed. Funds from the foundation will, in turn, be used to reward 1INCH stakers who choose to delegate their Unicorn Power. However, the 1inch Foundation has stated that the number of 1INCH received will vary between resolvers depending on their network share. Program Fo... read More



1inch Network Launches Hardware Wallet for Storing Users' Private Keys i...

    The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expected to go on sale later this year, features a 2.7-inch e-ink grayscale touch display and it does not require a wired connection.New Hardware Wallet From 1inch Network Offers Air-Gapped, Offline Storage for Crypto Assets On Thursday, the decentralized finance (defi) project 1inch Network announced the launch of a new hardware wallet that will go on sale later this year. The team explains in a press release sent to Bitcoin.com News that the wallet will offer 'the safest approach to storing users' private keys in an offline, simple and open-source way.' The announcement made by 1inch follows the recent collapse of FTX, which spurred a significant amount of demand for hardware wallets, according to the manufacturers behind Ledger and Trezor. 1inch details that the wallet is being developed by an independent team working with the 1inch Foundation. The development team received a grant from the 1inch Foundation to complete the project. According to 1inch, the hardware wallet is 'fully air-gapped' as it has no buttons and does not require any wired connection. Data is exchanged via QR codes or, optionally, with NFC. The 1inch hardware wallet is roughly the size of a credit card, weighs 70 grams and is 4mm thin. Additionally, 1inch says the 'waterproof' wallet will boa... read More



1inch Network Introduces Fusion Update for DeFi Swaps

    The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. The team behind the project promised to deliver 'almost limitless' liquidity and maximum user protection. The press release shared with CryptoPotato informed that 1inch Swap Engine 'facilitates Fusion, which empowers DeFi users to place orders with a specified price and time range, paying no network fees.' 1inch Swap Engine is a decentralized trading and matching protocol, partially based on the 1inch Limit Order Protocol and the 1inch Aggregation Protocol. According to the team, this allows customers to access 'almost all available liquidity in the crypto market.' The orders are completed by professional market makers paying applicable gas fees called resolvers. Users have to stake 1INCH tokens to become resolvers, and the top five stakers will have priority executing orders. The team said Fusion mode allows users to swap tokens on various decentralized exchanges without paying any network fees, 'at the most favorable rates.' They can choose from three options: Fast - in which the user accepts a less desirable rate to have the swap executed within a few blocks. Fair - the user can wait a bit longer for a better rate. And Auction - the user waits up to 10 minutes to receive the most favorable rate. The Fusion update will initially work on BNB Chain, Ethereum, and Polygon, with more networks to be added in the future. “F... read More



1inch Unveils New Feature to Protect Users From 'Sandwich Attacks'

    Decentralized exchange aggregator - 1inch - announced the launch of a tool called 'Rabbithole.' According to the press release shared with CryptoPotato, the new feature is designed to protect MetaMask traders swapping on the 1inch platform against 'sandwich attacks' - a type of front-running attack usually applied over transactions sent to a DEX to buy tokens. RabitHole essentially works by sending swap transactions on 1inch directly to validators while avoiding the mempool, where it is prone to be attacked by sandwich bots. This is done by aggregating providers that allow sending swap transactions directly to validators, such as Flashbots, BloXroute, Eden, and Manifold. In addition to MetaMask users, the tool is also expected to benefit other crypto wallets, such as 1inch Wallet, Ledger, and Trezor, which are capable of creating and signing a transaction. 'The RabbitHole is designed as a proxy, connecting 1inch users’ MetaMask wallets and Ethereum validators. Its unique algorithm will check swap transactions on 1inch for the threat of a sandwich attack, and, if such a threat is detected, the transaction will be sent directly to validators, using one of the aggregated providers.' RabbitHole can be used free of cost during the testing period. Decisions regarding payment options will be made after receiving feedback from community members. 1inch also hinted at staking a certain amount of 1INCH tokens as a possible option for payments. For the uninitiated, a sandwich at... read More



1inch Partners With Unstoppable Domains to Compete With ENS

    On Oct. 4, the 1inch network announced a partnership with nonfungible token (NFT) domain name provider and digital identity platform Unstoppable Domains. The new collaboration signals a move into the decentralized domain space, which is currently dominated by the Ethereum Name Service (ENS). According to the announcement, the partnership will allow 1inch Wallet users to perform transactions in a more user-friendly way by replacing complex addresses with domain names. This is precisely what ENS offers – replacing Ethereum addresses with web-friendly domain names. 1/ Meet the most unstoppable announcement of this week!#1inch is excited to announce a partnership with @unstoppableweb, an #NFT domain name provider and digital identity platform. Read more: https://t.co/ooGROWT9XR#DeFi #crypto #Web3 — 1inch Network (@1inch) October 4, 2022 Big Name Choice … But at a Price Unstoppable Domains generates user-friendly names by minting them as an NFT so that the holder can keep them forever. By comparison, ENS domains need to be renewed periodically, just like real-world domain names. The platform also offers different usernames for crypto that can have endings, including NFT, Wallet, Crypto, Bitcoin, Blockchain, 888, and DAO. Users can interact with their 1inch Wallets with names such as andy.wallet or money.crypto. ENS names, on the other hand all end with .eth. The names can also be used as digital identities according to Unstoppable Domains. When searching fo... read More



1inch Network Partners With Binance-Backed Travala

    1inch Network - the decentralized exchange aggregator platform - has announced a partnership with Travala. As part of the latest step, the Binance-backed travel agency will add the 1INCH token as a payment option on its platform. As per the press release shared with CryptoPotato, the integration will allow 1INCH token holders to book more than 2.2 million hotels and homes, over 600 airlines, and other activities in 230 countries. They will also be able to access various travel products by Travala. Following the development, Sergej Kunz, 1inch Network co-founder, said that mass adoption of the company's products and solutions is the top-most priority of the aggregator. Kunz expects that the integration would create a new utility for the 1INCH token while offering exposure to many potential users. Juan Otero, Travala.com CEO commented, 'In continuing our commitment towards mass cryptocurrency adoption, we’re very excited to partner with the 1inch Network to champion the growth of the crypto community and to bring a new use case to 1INCH. The team impressed me with their vision for their business, and I have no doubt that we will see them making waves in the crypto community.” 1inch Network recently rolled out a spot price aggregator to extract data for assets traded on decentralized exchanges on the blockchain. The end goal of the tool is to solve information-related tasks and would support DEXs on - Ethereum, Binance Smart Chain, Polygon, Avalanche, Optimistic E... read More



Symbiosis Integrates 1inch to Enable Best Price Discovery for Cross-Chai...

    [PRESS RELEASE - Please Read Disclaimer] The multi-chain liquidity protocol Symbiosis has integrated the 1inch DEX aggregator to facilitate arbitrary asset swaps between EVM-compatible networks. The Symbiosis protocol manages stablecoin liquidity pools and routes the transaction through existing DEXes, so the partnership is essential to enable the best prices for the end-users as the 1inch router is working on both sides: on the source chain and destination chain sides. The best price for the exchange of any tokens. 1inch is the best solution, especially on large amounts, one can see a significant difference. Super excited! Will, Co-founder Symbiosis Prior to this, the Symbiosis team has been using a self-developed routing protocol, and a transition to 1inch proves to be a great augmentation amid the first non-EVM Terra that the team is planning to launch in May: Near and Solana coming out shortly after. Symbiosis launched beta-mainnet in March. Apart from diving into non-EVMs, the team behind protocol oversees great potential in different L2s with Boba being the first one integrated recently. About Company Symbiosis is a decentralized multi-chain liquidity protocol that enables users to perform any crypto token swaps across multiple blockchains with a single click. At present, the protocol supports 5 networks including Boba, BNB Chain (formerly BSC), Ethereum, Polygon, and Avalanche, with more networks to be expanded in the upcoming future. Their main goals are solving the t... read More



DEX Aggregator 1inch Expands to Fantom Network

    As per the press release shared with CryptoPotato, 1inch Network announced the expansion of the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Fantom. The move will help users access deeper liquidity and more alternatives for efficient and cheap swaps. Expansion to Fantom With 1inch's expansion on the scalable, EVM-compatible Layer 1 blockchain protocol, Fantom, a myriad of protocols will make the transition as well. Some of those names include Solidly, SpookySwap, Geist Finance, SCREAM, Curve, Beethoven X (Beets), SpiritSwap, Synapse, SushiSwap, PaintSwap, Morpheus Swap, Elk Finance, ProtoFi, Saddle. Speaking of the deployment, 1inch Network co-founder - Sergej Kunz commented, 'Fantom is a popular network, and it has performed quite remarkably lately. The deployment of 1inch protocols on that blockchain is set to offer users more efficiency and flexibility, as well as access to yet deeper liquidity.' Launched during the ICO boom in 2018, Fantom had mostly kept a low profile before gaining significant traction three years later due to its focus on DeFi. Its TVL skyrocketed from September 2021, according to DeFi Llama. Growth was also recorded in early 2022 when the total value locked on the project reached $15.22 billion. However, its contributors - Andre Cronje and Anton Nell's departure, triggered a sharp drop in the figures. As of April 14, Fantom's TVL stood at $7.31 billion. The move comes six months after the DEX aggregator announced its expansion to A... read More



DeFi platform 1inch adds wallet support for NFTs

    1inch, a network of blockchain protocols for operating in the DeFi space, today announced that NFT support has been added to the 1inch Wallet. Thanks to the integration of the OpenSea API in collaboration with the OpenSea team, support for NFTs was successfully incorporated into the 1inch Wallet. A direct link to OpenSea, one of the largest NFT marketplaces, will enable users to buy new NFTs and immediately store them in their 1inch Wallets. The new NFT feature further helps users to see all NFTs held in their address, organized by collection, and view information on them. Users can also send NFTs to other wallets. Note, the NFT feature is only available on the networks that support non-fungible tokens – namely, Ethereum and Polygon. 'NFTs are a very promising area in the blockchain space, and we want to enable users to store and manage their NFTs in the most convenient and efficient way,' said Sergej Kunz, Co-Founder of 1inch.   No stranger to NFTs, 1inch has been involved in the NFT scene for a couple of years. A number of 1inch NFTs have been released, as well as a joint NFT collection with major jewelry maker Parts of Four. The post DeFi platform 1inch adds wallet support for NFTs appeared first on CryptoNinjas. read More



1inch Network Introduced its Spot Price Aggregator

    1inch Network - a protocol that unites decentralized projects - launched a spot price aggregator to extract data for assets traded on DEXs on the blockchain. The tool provides a liquidity-weighted average of token spot prices. To avoid issues within transactions, 1inch recommended using it off-chain. 1inch’s Newest Instrument In a recent document seen by CryptoPotato, 1inch explained that the spot price aggregator aims to solve information-related tasks. Such include the visualization of asset valuations extracted from the blockchain in the interfaces of websites and applications. The tool consists of smart contracts that interact with various decentralized exchanges to receive token liquidity-weighted spot prices. The instrument also handles wrapped assets such as wETH, cDAI, aDAI, and more. In case there is no direct liquidity between two assets, the spot price aggregator calculates rates for those coins that use a connector token. The feature supports many DEXs on Ethereum, Binance Smart Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum, and Gnosis Chain. While other similar solutions could face a lag of up to several minutes, 1inch’s instrument displays a token’s price immediately, the team asserted. The 1inch dApp interface and the Pathfinder algorithm are already using the tool. Technically, the spot price aggregator could be integrated into any place where a token price is displayed and needs to be converted into US dollar or other fiat currenc... read More



1inch Network Debuts Earn Pool for Liquidity Providers

    The 1inch Network launched a new investment tool called 1inch Earn, in hopes of incentivizing liquidity providers. The protocol asserted in a press release shared with CryptoPotato that the new feature will provide more efficient use of capital compared to AMM pools. How Does 1inch Earn Liquidity Pool Work? A set of liquidity pools optimized for stablecoins, 1inch Earn’s operating model is similar to Uniswap V3 range orders. “Earnings come from fees on swap trades in the pool,” says the press communiqué from 1inch Network. Individual users, algorithmic trade bots, and arbitrage traders will perform the swaps. 1inch Earn provides “deep liquidity at any point” because of its integration in the 1inch Pathfinder algorithm. The DeFi protocol said the earnings from the new investment tool would be “in the range of 5-10% APY” at the time of its launch. Later, the profitability will depend on how the market behaves. The concept of 1inch Earn has been in practice in the 1inch Network Treasury since September 2021. Earlier, it was called Trading Strategies. The popular aggregator of decentralized protocols believes 1inch Earn will improve decentralization and governance across the network. Besides, it will prove to be an attractive earning tool for the users, the project said in its PR. “The launch of 1inch Earn is set to be a major step towards improving the sustainability of the entire network and stepping up its decentralization... read More



1inch Protocol Now Available on Avalanche and Gnosis Chain

    Continuing with its push for 'the best deals across the blockchain space,' the 1inch Network has announced the deployment of its latest aggregation and limit-order protocols on Avalanche and Gnosis Chain. Conquest of the DeFi The DEX aggregator termed the new partnerships a continuation of its conquest of the DeFi space. In a press release shared with CryptoPotato, 1inch explained that it tries to offer low-cost and high-speed cross-chain transactions, saying: “1inch Aggregation Protocol and the 1inch Limit Order Protocol have been deployed on Avalanche and Gnosis Chain, formerly known as the xDai Chain.” These partnerships help 1inch expand its reach to new customers on these two platforms. Thanks to its cooperation with Avalanche, users can access several 1inch protocols on the latter's blockchain. These include 1inch Limit Order Protocol v2, Aave v2, SushiSwap, Trader Joe, and YetiSwap. Similarly, the tie-up with Gnosis Chain will allow users to access many of the 1inch's protocol, including 1inch Limit Order Protocol v2, Curve v1, Honeyswap, Levinswap, SushiSwap, and wxDai. Co-founder of 1inch Sergei Kunz said: “1inch’s main goal is to offer users the best deals across the blockchain space. To achieve that, 1inch protocols constantly expand to new chains, and the expansion to Avalanche and Gnosis Chain will offer 1inch users more options for cheap and fast transactions.” Limit Order Protocol v2 1inch released Limit Order Protocol v2 in mid-De... read More



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