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1inch Network

1inch Network price1INCH

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1INCH
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1 1INCH = 0.4017 USD
Last updated 2024-04-18 16:16:57(UTC-0)

1inch Network price live data summary

The live price of 1inch Network is $0.4017 per (1INCH / USD) today with a current market cap of $464.78M USD. The 24-hour trading volume is $31.89M USD. 1INCH to USD price is updated in real time. 1inch Network is +6.71% in the last 24 hours. It has a circulating supply of 1,157,155,000 .

What is the highest price of 1INCH?

1INCH has an all-time high (ATH) of $7.87, recorded on 2021-05-08.

What is the lowest price of 1INCH?

1INCH has an all-time low (ATL) of $0.2211, recorded on 2023-09-11.

1inch Network price performance in USD

24h7d30d90d1yAll-time
+6.71%-27.03%-23.72%-1.35%-22.94%-75.00%

1inch Network price history in USD

TimeLowHigh
24h$0.3720$0.4040
7d$0.3425$0.5626
30d$0.3425$0.6386
90d$0.3425$0.7022
1y$0.2211$0.7022
All-time$0.2211(2023-09-11, 221 days ago )$7.87(2021-05-08, 2 years ago )

1inch Network market information

Market cap
$464,782,122.05
+6.71%
Fully diluted market cap
$602,489,072.49
+6.71%
Volume (24h)
$31,887,569.48
+12.76%
Market rankings
Circulation rate
+77.00%
24h volume / market cap
0.0686
Circulating supply
1,157,155,000 1INCH
Total supply / Max supply
1.5B 1INCH
-- 1INCH

1inch Network ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About 1inch Network(1INCH)

What Is 1inch Network?

1inch Network is a decentralized exchange (DEX) aggregator and automated market maker (AMM) that offers a seamless and cost-effective trading experience. Founded by DeFi aficionados Sergej Kunz and Anton Bukov, the platform was officially launched in August 2020, although its inception dates back to the ETHNYC hackathon in 2019. The network is a brainchild of 1inch Labs and is governed by the 1inch DAO, fostering community-driven initiatives and developments.

The 1inch Network is designed to address the challenges traders face in finding the best exchange rates across various DEXs. By aggregating data from top decentralized exchanges, it ensures users get the best possible prices for their crypto assets, thus optimizing potential returns. At the moment, 1inch is available on most popular EVM-compatible chains, which are Ethereum, Polygon, Avalanche, Fantom, BNB Chain, Arbitrum, Optimism, Klaytn, Aurora, and Gnosis.

Resources

Official Documents: https://docs.1inch.io/

Official website: https://1inch.io/

How Does 1inch Network Work?

At the heart of the 1inch Network is the Pathfinder algorithm, a sophisticated tool that scans over 50 liquidity sources such as Ethereum, 20 on Binance Smart Chain, and 7 on Polygon to find the most efficient trading paths. This innovative protocol divides a single trade across multiple exchanges, ensuring users benefit from the best rates and minimal fees. The aggregation protocol is complemented by a liquidity protocol that facilitates automatic trades using liquidity pools, and a limit order protocol that allows users to place limit orders on their asset swaps via smart contracts.

The 1inch Network operates with full non-custodial principles, meaning that users' assets are never controlled by a central entity or third party, thereby eliminating the risk of asset freezing or censorship. This commitment to security and transparency is further evidenced by the network's high trust score and numerous security audits conducted by industry-leading firms.

What Is The 1INCH Token?

The 1INCH token, launched on December 25, 2020, serves as the governance and utility token of the 1inch Network. 1INCH token plays a central role in the network's decentralized governance structure. With a total supply of 1.5 billion tokens, it facilitates community participation in the decision-making processes, allowing users to create proposals or vote on existing ones. Moreover, the 1INCH token enables holders to earn passive income through liquidity provision and staking, fostering a community-centric ecosystem where users are rewarded for their contributions.

1inch Network’s Impact on Finance

The 1inch Network is poised to redefine the financial landscape by offering a decentralized platform that combines the best features of a DEX aggregator and an AMM. Its innovative approach to finding the most efficient trading routes and offering the best swap rates positions it as a frontrunner in the DeFi space, attracting a growing user base seeking transparency, security, and profitability.

Furthermore, the network's commitment to community governance and rewarding participation through the 1INCH token creates a decentralized and inclusive financial ecosystem. By fostering blockchain mass adoption through user-friendly interfaces and offering opportunities for earning governance rewards and passive income, the 1inch Network is spearheading a financial revolution that embraces decentralization and community empowerment.

What Determines 1inch Network’s Price?

In the dynamic landscape of decentralized finance (DeFi), the 1inch Network has emerged as a leading decentralized exchange aggregator, offering users seamless and optimized trading experiences. Understanding the factors influencing the 1inch Network price or the fluctuations in the 1INCH token price requires a comprehensive analysis of various elements, including market trends, liquidity, and the broader cryptocurrency market dynamics.

The 1INCH price today mirrors its current market demand, largely dictated by its role and utility within the expansive DeFi ecosystem. When making 1INCH coin price predictions, experts often analyze historical performance data and recent developments in the network. Since its inception, the 1INCH cryptocurrency has experienced considerable appreciation, peaking at an all-time high of $7.8 in May 2021.

Analysts specializing in 1inch Network price analysis frequently underscore its potential to exceed this previous peak, possibly reaching up to $10 in the short term, given its ongoing developments and expanding user base. Its market cap, which hovers around US$248 million as of September 2023, signifies its escalating prominence in the DeFi sector.

Prospective investors who buy 1inch Network tokens should consider several aspects, including the live 1INCH price, forecast trends, and the latest developments in 1INCH crypto news. The potential for investment in the 1inch Network is often highlighted by its unique features, such as the Pathfinder algorithm, which identifies the most economical trading routes, and a governance model that grants 1INCH token holders a say in pivotal decision-making processes. Moving forward, predictions like the 1INCH price prediction for 2023 will be closely monitored by investors keen on forecasting the future trajectory of the 1INCH token in the vibrant world of DeFi investments.

Conclusion

The 1inch Network stands as a beacon of innovation in the decentralized finance (DeFi) sector, offering users an optimized and secure platform for cryptocurrency trading. Through its sophisticated Pathfinder algorithm and a dynamic governance model facilitated by the 1INCH token, it is fostering a community-centric ecosystem that promises transparency and enhanced profitability. As a decentralized exchange aggregator and automated market maker, 1inch is significantly influencing the blockchain network by streamlining trades and offering the best swap rates across various DEXs. Given its steadfast commitment to user empowerment and ongoing developments, it continues to carve out a dominant space in the DeFi landscape, showcasing immense potential for growth and fostering mass blockchain adoption. Prospective investors and crypto enthusiasts eyeing the 1INCH token can look forward to a vibrant and inclusive financial future grounded in decentralization and community-driven initiatives.

How to buy 1inch Network (1INCH)

Buying 1inch Network on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy 1inch Network (1INCH) .

Trade 1INCH perpetual futures

After having successfully signed up on Bitget and purchased USDT or 1INCH tokens, you can start trading derivatives, including 1INCH futures and margin trading to increase your income.

The current price of 1INCH is $0.4017, with a 24h price change of +6.71%. Traders can profit by either going long or short on1INCH futures.

Join 1INCH copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or 1INCH tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of 1inch Network.

What is the current price of 1inch Network?

We update our 1inch Network to USD price in real time. Get the live Price of 1inch Network on Bitget.

What is the 24 hour trading volume of 1inch Network?

Over the last 24 hours, the trading volume of 1inch Network is $31.89M.

What is the all-time high of 1inch Network?

The all-time high of 1inch Network is $7.87. This all-time high is highest price for 1inch Network since it was launched.

Can I buy 1inch Network on Bitget?

Yes, 1inch Network is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy 1inch Network guide.

Can I get a steady income from investing in 1inch Network?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy 1inch Network with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is 1inch Crypto a good investment?

1inch Network, a leading DeFi protocol with high TVL, operates across top blockchains. Its token, 1INCH, is a prime DeFi investment. With growing on-chain activity and user adoption, the 1INCH price could surge. Further integrations with DEXs and added blockchain support might boost its value even more.

What is the use case of 1INCH token

1INCH, the 1inch Network's native token, has several core uses: Utility Token: Primarily used in the 1inch Liquidity Protocol, it facilitates efficient token swaps, especially when direct liquidity pairs are absent on DEXs. Governance Token: Central to the 1inch Network's governance, 1INCH holders have proposal voting rights, shaping the DeFi project's direction. Trade and HODL Asset: Trade 1INCH on supported platforms or HODL for its future promise. Always monitor 1inch's price, market cap, volume, and crypto news when trading. 1inch Earn: Stake $1INCH for competitive APYs through liquidity mining. As a liquidity provider, stake tokens in pools for set-period rewards.

How does 1inch make money?

The 1inch Network allows users to identify the most affordable fees for token exchanges. Its systems utilize smart contracts to sift through compatible blockchains and DEXs, pinpointing the optimal rates for every desired swap. By guiding users to the most economical trades on different DEXs, 1inch accrues affiliate revenue from these platforms. This income arises from a share of the trading fees that DEXs collect due to 1inch directing users their way.

Is 1inch a utility token?

The 1INCH token is the governance and utility token of the 1inch Network. The token is applied in different capacities in the two existing protocols and will be used in the tokenomics of all new protocols released by the 1inch Network.

What makes 1inch token unique?

1inch Network's interface, similar to many DeFi DEXes, boasts advanced features for user savings during token swaps. Efficient Routing: Using a distinct aggregation method, 1inch identifies the best rates across DEXes like Uniswap and Pancakeswap, ensuring optimal swaps. Transaction Splitting: Unlike DEXes where trades access one liquidity pool, 1inch disperses a transaction over multiple channels, reducing price impacts and maximizing savings. Gas Fee Optimization: 1inch's protocol consistently aims for reduced gas fees, offering competitive rates against top DEXes, ensuring cost-effective swaps. Fusion Technology: The latest 1inch Fusion engine enhances order execution, permitting premium swaps without native tokens for gas and countering front-running attacks.

Is 1inch better then Uniswap?

1inch employs a unique "aggregation" mechanism, distinct from the AMM strategies of standalone DEXes. Rather than directly processing transactions, it scouts for the most cost-effective rates across various DEXes, such as Uniswap and Pancakeswap, and channels the swap via the best-priced platform. So, if Sushiswap offers a more favorable rate than Uniswap, 1inch automatically handles the swap through Sushiswap for the user.
Cryptocurrency investments, including buying 1inch Network online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy 1inch Network, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your 1inch Network purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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1INCH is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support 1INCH trades.
You can trade 1INCH on Bitget.

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