$5.14
1H
1.11%$0.0564
24H
-13.47%$0.8001
7D
-10.61%$0.6101
30D
12.17%$0.5577
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).
While there are increased expectations that the 1inch token will be used for greater utility in the broader network as been envisaged, the token has seen organic growth this year amid the ongoing DeFi boom.
Coinbase Pro continues to explore new digital assets to add to their platform. On Wednesday, April 7 it announced it is listing a number of tokens that have shown promise to investors and passed their standards.
The Messari study showed that Coinbase listings bring much more returns to investors in comparison to other exchanges like Gemini, Binance, Kraken, FTX, and OKEx.
Gemini said that this decision comes amid its efforts to support projects that redefine the boundaries of finance, gaming, and art, and offer more financial independence.
The latest upgrade to the fastest and most advanced DEX aggregation protocol in the market.