Aofex

1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across all platforms. In order for a user to find the best price for a swap, they need to look at every exchange – DEX aggregators eliminate the need for manually checking, bringing efficiency to swapping on DEXs.

DEX aggregators work by sourcing liquidity from different DExs, meaning that they are able to offer users better token swap rates than they could find on any single DEX, in the shortest time possible.

1inch launched in August 2020 after a $2.8 million funding raise from Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures and Divergence Ventures.

In December 2020, 1inch raised another $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital and Spartan Group. The funding round was conducted through a SAFT sale (simple agreement for future tokens).

1inch in winter 2020 also launched Mooniswap, its own automated market maker (AMM).

Click to see more

Coin’s Details

  • Market Capitalization

    $613.00 M

  • Fully diluted valuation

    $5.09 B

  • Volume 24H

    $82.67 M

  • Circulating supply

    180 687 210

  • Total supply

    1 500 000 000

  • Circ. percent

    12.1%

  • All-time high

    $7.84 (-56.6%)

  • All-time high date

    May 8th, 2021

  • All-time low

    $0.7678 (343%)

  • All-time low date

    Dec 29th, 2020

  • First announced

1inch News