The DEX Aggregator Protocol Supporting Multiple Chains.
1inch (1INCH) Fact Sheet
- 1inch is a decentralized exchange (DEX) aggregator protocol that works across multiple chains, including Ethereum, BNB Chain, Polygon, Optimism, Fantom, Gnosis, Avalanche, and others.
- The native cryptocurrency used across 1inch is known as the 1INCH token, an ERC-20-based token utilized for utility and governance.
- Users can engage in liquidity mining, staking, and governance, alongside the protocol's many other features.
- 1inch utilizes a proprietary Pathfinder API with a discovery and routing algorithm that aims to find the best possible paths toward any token swap.
- 1inch features its decentralized finance (DeFi) wallet that lets users directly buy, store, transfer, swap, and stake cryptocurrencies and utilize FIAT gateway providers.
- 1inch was founded in May 2019 by Sergej Kunz and Anton Bukov during an ETHGlobal hackathon. Kunz previously worked as a software engineer for Porsche, while Bukov was a developer who previously worked on the NEAR Protocol.
- In December 2020, the 1inch founders secured a $12 million funding round with participation from many notable firms, including Pantera Capital and ParaFi Capital.
- 1inch company is incorporated in the Caribbean West Indies, Saint Thomas Middle Island, Federation of Saint Christopher and Nevis, and headquartered in the British Virgin Islands.
1INCH Historical Data Price Chart in U.S. Dollars (USD)
1INCH Historical Data Price Chart in U.S. Dollars (USD). Source: TradingView
What is 1inch (1INCH)?
1inch was created to solve a problem many investors and traders engaged in the sphere of __[decentralized finance (DeFi)](https://en.wikipedia.org/wiki/Decentralized_fina