1inch Network, a leading decentralized exchange (DEX) aggregator, has successfully raised $175 million** in its Series B funding round. The investment was led by **Amber Group**, with participation from nearly **50 institutional investors**, including Jane Street, VanEbit Capital, Gemini Frontier Fund, and others. This latest funding values the DeFi platform at **$2.25 billion.
Key Highlights of the Funding Round
- Lead Investor: Amber Group
- Valuation: $2.25 billion
- Funding Mechanism: Token sale from the ecosystem development fund
- Primary Use Cases: Regulatory compliance, institutional product development, and team expansion
About 1inch Network
Founded by Sergej Kunz and Anton Bukov, 1inch aggregates liquidity across multiple DEXs to offer users the best crypto trading rates. Its technology optimizes trades by splitting orders across platforms to minimize slippage and maximize efficiency.
👉 Explore 1inch’s DEX Aggregator
Strategic Growth and Institutional Focus
The funding will accelerate 1inch’s efforts to bridge institutional investors with DeFi through 1inch Pro, a compliant platform tailored for regulated entities.
Sergej Kunz, Co-Founder, emphasized:
"The next trillion-dollar influx into DeFi will come from institutions. 1inch aims to be their gateway, combining innovation with regulatory adaptability."
Tiantian Kullander of Amber Group added:
"1inch’s solutions for fragmented liquidity pools set it apart. We’re excited to support their vision."
Future Roadmap
- Regulatory Navigation: Compliance frameworks for the US and EU markets.
- Product Development: New protocols to enhance the 1INCH token utility.
- Team Scaling: Plans to double contributor headcount in the coming years.
Historical Funding Context
- Dec 2020: $12M raised (Pantera Capital-led)
- Aug 2020: $2.8M (Binance Labs-led)
- Total Raised: $194.6M (per AlexaBlockchain)
FAQs
Q: What makes 1inch unique among DEX aggregators?
A: Its advanced algorithm splits trades across multiple DEXs for optimal pricing and reduced fees.
Q: How will institutions access 1inch?
A: Via 1inch Pro, a compliant interface meeting regulatory standards.
Q: What’s the 1INCH token’s role?
A: It governs the 1inch DAO and will gain utility in upcoming institutional products.
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