Market Cap
$356,572,523.0
Fully Diluted Valuation
$382,749,000.0
24 Hour Trading Vol
$48,123,947.0
Circulating Supply
1,399,053,704.6
Total Supply
1,500,000,000.0
Max Supply
1,500,000,000.0
1inch Network Price
$0.255
24h Range
$0.252 - $0.278
Percent Change 1h
-1.13%
Percent Change 24h
-7.51%
Percent Change 7d
-13.46%
All-time high
$8.65
All-time low
$0.214
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7D
1M
1Y
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1inch Network is a decentralized exchange (DEX) aggregator that enables users to find the best prices for their cryptocurrency trades by splitting orders across multiple DEXes. Launched in 2019, it aims to provide users with the most efficient and cost-effective trading experience by aggregating liquidity from various sources. The native token of the network, 1INCH, is used for governance and to incentivize liquidity providers. As of 2024, 1inch has expanded its platform to support more than 20 different blockchains, including Ethereum, Binance Smart Chain, and Polygon, enhancing its accessibility and utility.
The 1inch Network was co-founded by Sergej Kunz and Anton Bukov. Sergej Kunz has a background in software development and was previously involved in various blockchain projects. Anton Bukov is a former CTO of a crypto trading platform and has extensive experience in algorithmic trading and blockchain technology. Their combined expertise has propelled 1inch to become one of the leading DEX aggregators in the decentralized finance (DeFi) sector.
1inch Network operates by using a sophisticated routing algorithm that determines the optimal way to execute trades across multiple DEXes. When a user initiates a trade, the platform analyzes various liquidity sources in real-time to find the best prices and minimal slippage. The process involves several steps:
In addition to DEX aggregation, 1inch also offers other features such as limit orders, where users can set specific price points for their trades, enhancing user control over their trading strategies.
1inch Network has several key use cases that cater to the needs of cryptocurrency traders and investors:
Keeping your assets safe on the 1inch Network involves several best practices:
Investing in 1inch Network (1INCH) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy 1inch Network: Once your account is funded, you can purchase 1inch Network directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in 1inch Network using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
1inch Network (1INCH) is currently trading at $0.255 and exhibits good potential for future growth. Check the latest 1inch Network (1INCH) price prediction.
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