"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.
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 and Anton Bukov. 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."
Where is 1inch available for purchase?
You can exchange 1INCH tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading 1inch is BTCC, notably the 1INCH/USDT pair, which saw a trading volume of $ 28,91 MLN. in the past day. Additionally, Binance and Websea are popular alternatives for trading tokens.
What is the highest value 1inch (1INCH) has ever reached?
1inch (1INCH) reached its peak price at 8.65 $ on 27 October 2021, approximately 3 years ago ago. Presently, the current price is -95.39% lower than this all-time high.
What is the historical minimum price for 1inch (1INCH)?
The minimum price reached for 1inch (1INCH) was 0.2141 $, documented on 04 September 2024, more than 4 months ago. In comparison, the current price is 85.77%, it above this historical low.
What is the fully diluted valuation of 1inch (1INCH)?
The fully diluted valuation (FDV) of 1inch (1INCH) stands at $ 613,48 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,500,000,000 1INCH tokens. The realization of this FDV might take several years depending on the emission schedule of 1INCH tokens.
How to add 1inch (1INCH) to MetaMask?
By integrating 1inch (1INCH) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import 1INCH as a token. You can either manually import 1INCH by copying its contract address (0x111111111117dc0aa78b770fa6a738034120c302) or use MetaMask's Chrome extension to add 1INCH with a single click through Pirate.Place.
How to add 1inch (1INCH) to TrustWallet?
Incorporating 1inch (1INCH) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include 1INCH, you can either manually import it using the contract address (0x111111111117dc0aa78b770fa6a738034120c302) or conveniently add it to Trust Wallet with just one click via Pirate.Place if you've installed Trust Wallet's Chrome extension.
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