1inch (1INCH) price has declined today.
The price of 1inch (1INCH) is $0.341044 today with a 24-hour trading volume of $36,686,770.27. This represents a -0.20% price decline in the last 24 hours and a -5.60% price decline in the past 7 days. With a circulating supply of 1 Billion 1INCH, 1inch is valued at a market cap of $355,873,893.
What is 1inch Network?
The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. 1inch offers access to hundreds of liquidity sources across multiple chains. It consists of five major components:
- The 1inch dApp is a web-based application that is connected to all supported blockchains via smart contracts. The dApp offers access to deep aggregated liquidity and competitive token swap rates on various DEXes, with unique features, including partial fill and the ability to find the best swap paths across multiple liquidity sources.
- The 1inch Aggregation Protocol facilitates cost-efficient and secure swap transactions across multiple liquidity sources.
- The 1inch Limit Order Protocol provides the most innovative and flexible limit order swap opportunities in DeFi.
- The 1inch Liquidity Protocol is a next-generation automated market maker that protects users from front-running attacks and offers attractive opportunities to liquidity providers
- The 1inch Wallet is a fast and secure mobile application for storing, receiving, sending and swapping crypto assets.
What Makes 1inch Unique?
A unique set of protocols working together makes the project unique. Their synergy has made it possible to develop the 1inch Swap Engine.
Partially based on the existing tech, including the 1inch Limit Order Protocol and the 1inch Aggregation Protocol, the 1inch Swap Engine is a decentralized trading and matching system that connects DeFi users with practically limitless liquidity — both centralized and decentralized — through professional market makers. Basically, the 1inch Swap Engine offers users access to almost all available liquidity in the crypto market.
The 1inch Swap Engine facilitates Fusion mode, which empowers DeFi users to place orders with a specified price and time range, paying no network fees.
History of 1inch
The 1inch Network was launched at the ETHGlobal New York hackathon in May 2019 with the release of its Aggregation Protocol v1. Since then, the 1inch Network has developed additional DeFi tools such as the Liquidity Protocol, the Limit Order Protocol, P2P transactions, and the 1inch Wallet app.
What’s Next for 1inch?
The project doesn’t provide any public roadmap, as in such a quickly changing DeFi space 1inch is strongly focused on delivering any developments first and only afterwards to make any announcements.
What Can 1INCH (token) Be Used For?
The 1INCH token is the governance and utility token of the 1inch Network. 1INCH holders can stake their tokens to participate in the 1inch Network's DAO governance. Also, holders can choose resolvers and earn a part of their fees.
With the 1inch Fusion, users can stake 1INCH tokens to receive Unicorn Power (UP), then subsequently delegate their UP to any 1inch Fusion Resolver to start receiving rewards from them. When staking, there is the option to set a custom or preset lock period. User’s st1INCH tokens cannot be unstaked/withdrawn without penalty until the designated lock period expires.
Where can you buy 1inch?
1INCH tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade 1inch is FMFW.io, where the most active trading pair 1INCH/USDT has a trading volume of $594,334.31 in the last 24 hours. Other popular options include HitBTC and Binance.
What is the daily trading volume of 1inch (1INCH)?
The trading volume of 1inch (1INCH) is $36,769,538.68 in the last 24 hours, representing a 42.00% increase from one day ago and signalling a recent rise in market activity.
What is the all-time high for 1inch (1INCH)?
The highest price paid for 1inch (1INCH) is $8.65, which was recorded on Oct 27, 2021 (about 2 years). Comparatively, the current price is -96.10% lower than the all-time high price.
What is the all-time low for 1inch (1INCH)?
The lowest price paid for 1inch (1INCH) is $0.220469, which was recorded on Sep 11, 2023 (3 months). Comparatively, the current price is 54.90% higher than the all-time low price.
What is the market cap of 1inch (1INCH)?
Market capitalization of 1inch (1INCH) is $355,873,893 and is ranked #138 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of 1INCH tokens (1 Billion tokens are tradable on the market today).
What is the fully diluted valuation of 1inch (1INCH)?
The fully diluted valuation (FDV) of 1inch (1INCH) is $512,557,375. This is a statistical representation of the maximum market cap, assuming the maximum number of 1.5 Billion 1INCH tokens are in circulation today. Depending on how the emission schedule of 1INCH tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of 1inch compare against its peers?
With a price decline of -5.60% in the last 7 days, 1inch (1INCH) is underperforming the global cryptocurrency market which is up 0.90%, while underperforming when compared to similar FTX Holdings cryptocurrencies which are up 0.30%.
What is the market sentiment of 1inch today?
The community is bullish as more than 100% of users are feeling good about 1inch (1INCH) today.
How to add 1inch (1INCH) to MetaMask?
Adding 1inch (1INCH) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import 1INCH as a token. You can copy 1INCH’s contract address (0x111111111117dc0aa78b770fa6a738034120c302) and import it manually, or if you've installed MetaMask's chrome extension, add 1INCH to MetaMask with one click on CoinGecko.
Add 1INCH to MetaMask.
