Today’s 1inch Network price is $0.1768**, with a 24-hour trading volume of **$17.29 million. Over the past 24 hours, 1INCH has remained stable (±0.00%). The circulating supply stands at 1.39 billion 1INCH, with a maximum supply capped at 1.5 billion.
About 1inch Network
1inch Network seamlessly integrates multiple decentralized protocols, enabling users to execute efficient, secure, and user-friendly transactions in the Web3 ecosystem. It provides access to hundreds of liquidity pools across multiple blockchains. Key components include:
- 1inch Aggregation Protocol: Optimizes swap rates by scanning multiple DEXs.
- 1inch Liquidity Protocol: Ensures deep liquidity for seamless trading.
- 1inch Limit Order Protocol: Allows customized trade execution.
- 1inch Wallet: A fast, mobile-friendly solution for storing and exchanging cryptocurrencies.
1inch Swap Engine
Built atop the Aggregation and Limit Order Protocols, the 1inch Swap Engine is a decentralized trading system that connects users with near-limitless liquidity. It employs the Dutch auction model for trades, offering superior efficiency and protection against MEV (Maximal Extractable Value) exploits.
👉 Discover how 1inch Swap Engine works
Fusion Mode
Powered by the Swap Engine, Fusion Mode lets users swap tokens without network fees while benefiting from competitive rates. Key advantages:
- MEV Protection: Safeguards transactions from front-running.
- Professional Resolvers: Executes swaps using advanced methods for optimal pricing.
History of 1inch Network
1inch Network originated at the ETHGlobal hackathon in New York (May 2019). Co-founders Sergej Kunz and Anton Bukov developed a prototype DEX aggregator in 36 hours to solve the problem of fragmented liquidity in DeFi. Their innovation automated rate comparisons across platforms, laying the foundation for today’s 1inch Network.
The 1INCH Token
Released in December 2020, the 1INCH token serves dual purposes:
- Governance: Stake tokens to vote in 1inch DAO proposals.
- Utility: Earn Unicorn Power (UP) by staking, which can be delegated to Fusion resolvers for rewards.
Post the Fusion upgrade (December 2022), stakers receive UP to participate in network governance and profit-sharing.
FAQs
1. How does 1inch Network ensure the best swap rates?
By aggregating liquidity from top DEXs and routing trades through the most efficient paths using its Swap Engine.
2. What is Fusion Mode?
A fee-free swapping option that leverages professional resolvers to minimize costs and MEV risks.
3. Can I stake 1INCH tokens?
Yes! Staking 1INCH generates Unicorn Power (UP), used for governance delegations and rewards.
👉 Learn more about staking 1INCH
4. What’s the maximum supply of 1INCH?
1.5 billion tokens, with 1.39 billion currently circulating.
5. Who founded 1inch Network?
Sergej Kunz and Anton Bukov, who first prototyped the aggregator at ETHGlobal 2019.
Key Takeaways
- 1INCH Price: $0.1768 (real-time updates via Crypto.com).
- Unique Features: Fusion Mode, MEV protection, multi-chain liquidity.
- Tokenomics: Governance staking with UP rewards.
For traders and DeFi enthusiasts, 1inch Network offers a gas-efficient, secure, and decentralized trading experience. Stay updated with the latest 1INCH price trends and network upgrades!
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**Core Keywords**: 1inch Network, 1INCH price, Fusion Mode, MEV protection, Unicorn Power, DEX aggregator, staking 1INCH.
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