Source: 1INCHUSD Chart by TradingView
1inch is a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXs. Smart contract technology empowers this aggregator enabling users to optimize and customize their trades.
1inch was 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).
In December 2020, 1inch launched its 1INCH governance token, and the 1inch Network began to be governed by a decentralized autonomous organization (DAO).
1inch geofences US IP addresses, says new product for the American market is in prep
1inch Network signs up Quantum Economics in new advisory partnership
The duo will partner up to provide even more value in the burgeoning crypto space.
DEX aggregator 1inch expands to Binance Smart Chain
High speeds and low fees are alluring many projects to move to Binance Smart Chain, the crypto exchange’s smart contract-enabled blockchain network.
DeFi exchange 1inch reaches $10 billion in trading volumes
The decentralized exchange traded over $222 million in the past day alone.
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