1inch is a DEX aggregator for efficient token swaps.
1inch is a DEX aggregator that finds the best token swap rates by sourcing liquidity from multiple exchanges, launched in August 2020 with significant funding support.
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What is 1inch (1INCH)?
1inch is a decentralized exchange (DEX) aggregator that consolidates multiple DEX platforms into a single interface. This allows users to find the most cost-effective and efficient routes for token swaps without manually checking each exchange. By sourcing liquidity from various DEXs, 1inch can offer better rates than any individual platform. Launched in August 2020, 1inch received $2.8 million in initial funding from investors including Binance Labs, Galaxy Digital, Greenfield One, Libertus Capital, Dragonfly Capital, FTX, IOSG, LAUNCHub Ventures, and Divergence Ventures. In December 2020, the platform secured an additional $12 million in Series A funding led by Pantera Capital, with participation from ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group.
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1inch price live information
As of now, 1inch is trading at 0.19996 USD, with a 24-hour trading volume of approximately 0 USD. The 1INCH to USD price is updated in real time. Over the past 24 hours, 1inch has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 275.54M USD. Currently, there are 1 377 956 174 1INCH in circulation out of a maximum supply of 1 500 000 000 1INCH.
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