Thursday, March 28, 2024
by Hideo Nakamura
Rank #152
1inch (1INCH)

1inch 1INCH

$ 0.597897
0.00000846 BTC
Marketcap
$ 683,477,290
Volume (24h)
$ 45,913,605
Circulating Supply
1,145,522,836 1INCH
Total Supply
1,500,000,000 1INCH
All time high price: $ 8.65 93.09%
All time high date: October 27, 2021
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* Currency in USD
Historical Price for 1inch
DateOpenCloseHighLowVolume
1inch Markets
#SourcePairVolumePriceChangeUpdated
1INCH

1inch (1INCH) price has increased 1.29% today!

1inch (1INCH) is a cryptocurrency that operates on a blockchain. Currently, it is trading at $ 0.597897 and a market capitalization of $ 683,477,290. The price of 1inch has increased 1.29% in the last 24 hours. Currently, 1inch ranks #152 among all cryptocurrencies by market capitalization and has a daily trading volume of $ 45,913,605.

What is 1inch Network?

1inch Network is a decentralized exchange (DEX) aggregator to help users discover the best trade prices for tokens. Instead of swapping tokens from a single liquidity pool of a DEX, 1inch will aggregate across different pools and suggest the most efficient way to trade tokens.

1inch exchange

Why use 1inch?

If you are a trader trading large amount of tokens, you may not be aware of all the availability liquidity across different DEXes in order to get the best price quote. Price quote offered by DEX fluctuates according to the liquidity pool at any given time. Also, when you are trading large size, every percentage of savings can be magnified with an optimal trading path. 1inch aims to solve all that in a single user friendly interface.

What is Pathfinder?

Pathfinder is the discovery and routing algorithm developed by the 1inch team. It is the algorithm the powers the backend to finding the most efficient route to swap a token. For example, if a user wants to sell ETH for WBTC, Pathfinder will explore all DEXes such as Uniswap, Curve, Balancer, DODO, Sushiswap, and more. The result is a recommended route that optimizes fees and liquidity in order to give users the best rate. Users no longer need to check each individual services in order to find the best price.

Who are the creators of 1inch?

1inch was founded by Sergej Kunz (CEO) and Anton Bukov (CTO). The idea for 1inch was developed at a hackathon in just over 60 hours at New York City. Fast forward today, it is one of the fastest growing DeFi product.

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