1inch Network (1INCH): Price, Market Cap, and Key Metrics Explained

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The world of decentralized finance (DeFi) continues to evolve at a rapid pace, and one standout player in the space is 1inch Network (1INCH). As a leading decentralized exchange (DEX) aggregator, 1inch has redefined how users swap tokens across multiple platforms efficiently and securely. In this comprehensive guide, we’ll explore everything you need to know about 1inch — from its core functionality and unique features to market data, security model, and where to buy the 1INCH token.

Whether you're a seasoned DeFi user or just getting started, understanding 1inch can help you make smarter trading decisions in the evolving blockchain ecosystem.

What Is 1inch (1INCH)?

1inch is a decentralized exchange (DEX) aggregator that connects multiple DEXs into a single interface, enabling users to find the most efficient trading routes across various platforms. Instead of manually checking prices on individual exchanges like Uniswap, SushiSwap, or Curve, users can rely on 1inch to scan liquidity sources in real time and deliver the best possible rates — all within seconds.

DEX aggregators like 1inch work by pooling liquidity from different decentralized exchanges. This approach allows them to split large trades across multiple platforms, minimizing slippage and optimizing execution prices. The result? Better returns for traders and more efficient capital utilization across DeFi.

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Launched in August 2020, 1inch raised $2.8 million in early funding from top-tier investors including Binance Labs, Galaxy Digital, Dragonfly Capital, and FTX. Later that year, in December 2020, the project secured an additional $12 million in Series A funding led by Pantera Capital, with participation from ParaFi Capital, Blockchain Capital, and Spartan Group. This round was conducted via a SAFT (Simple Agreement for Future Tokens), signaling strong institutional confidence in the platform’s long-term potential.

The 1inch Ecosystem: More Than Just Aggregation

While DEX aggregation remains its flagship offering, 1inch has expanded its ecosystem with innovative tools designed to enhance user experience and protocol sustainability.

One notable development was the launch of Mooniswap in late 2020 — 1inch’s own automated market maker (AMM). Mooniswap introduced a novel pricing mechanism that reduced impermanent loss for liquidity providers, setting it apart from traditional AMMs like Uniswap. Although Mooniswap has since been deprecated in favor of focusing on aggregation and cross-chain solutions, it demonstrated 1inch’s commitment to pushing DeFi innovation forward.

In the same month, December 2020, 1inch launched its native governance token: $1INCH. This marked a pivotal shift toward decentralization, as the network transitioned under the control of a Decentralized Autonomous Organization (DAO). Token holders can now vote on proposals related to protocol upgrades, fee structures, treasury management, and ecosystem development.

What Makes 1inch Unique?

Several key factors differentiate 1inch from other DeFi platforms:

These features collectively position 1inch as not just a tool for better pricing but a comprehensive DeFi toolkit for active traders and passive users alike.

Who Are the Founders of 1inch?

1inch was co-founded by Sergej Kunz and Anton Bukov, two Russian developers who met while working on enterprise software solutions. Their shared passion for blockchain technology led them to build 1inch as a solution to inefficient token swaps in early DeFi.

Kunz served as CEO until stepping down in 2022 to focus on research and development, while Bukov continues to lead core development efforts. Despite their low public profiles, the founders have earned respect in the crypto community for building a robust, user-centric protocol without relying on excessive marketing or celebrity endorsements.

How Many 1inch (1INCH) Tokens Are in Circulation?

The total supply of $1INCH tokens is capped at 1.5 billion. As of now, the circulating supply sits close to this maximum due to scheduled token releases over several years.

Token distribution was designed to ensure long-term alignment with stakeholders:

This structure emphasizes decentralization and encourages broad participation in governance.

How Is the 1inch Network Secured?

As a non-custodial platform built on decentralized blockchains, 1inch inherits security from the underlying networks it operates on — primarily Ethereum and EVM-compatible chains.

All transactions are executed directly through smart contracts audited by leading cybersecurity firms such as OpenZeppelin and Certora. Additionally:

Users retain full control of their funds at all times — no account creation or KYC is required.

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Where Can You Buy 1inch (1INCH)?

The $1INCH token is widely available on major cryptocurrency exchanges such as OKX, Bybit, KuCoin, and Uniswap. It can be traded against stablecoins like USDT and USDC, as well as ETH and other major cryptocurrencies.

To purchase $1INCH:

  1. Choose a reputable exchange supporting the token.
  2. Complete identity verification if required.
  3. Deposit funds via bank transfer, card, or crypto transfer.
  4. Place an order for $1INCH using your preferred trading pair.

Once acquired, users can stake or delegate $1INCH for governance rights within the DAO.

Frequently Asked Questions (FAQ)

What is the primary function of the 1inch Network?

The main purpose of 1inch is to aggregate liquidity from multiple decentralized exchanges to provide users with the best possible token swap rates while minimizing slippage and gas costs.

Can I earn yield with $1INCH tokens?

Yes. While $1INCH itself isn’t a yield-bearing asset by default, holders can participate in governance and may benefit from future staking mechanisms or incentive programs funded by protocol revenue.

Is 1inch safe to use?

Yes. 1inch operates non-custodially — meaning your funds never leave your wallet. Combined with audited smart contracts and transparent governance, it offers a secure environment for DeFi trading.

Does 1inch support NFTs or lending?

Currently, 1inch focuses primarily on DEX aggregation and token swapping. It does not offer native NFT marketplace or lending services, though integration with external protocols may allow indirect access.

How does 1inch compare to other DEX aggregators?

Compared to competitors like Matcha or Paraswap, 1inch stands out with its broader chain support, limit order functionality, and strong emphasis on community governance through its DAO.

Is there a mobile app for 1inch?

Yes. The official 1inch app is available for iOS and Android devices, offering full functionality including wallet integration, swaps, limit orders, and governance participation.

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Core Keywords

By combining deep technical innovation with user-first design, 1inch continues to play a vital role in shaping the future of decentralized finance. Whether you're looking for better trade execution or want to get involved in community-driven governance, 1inch offers powerful tools that empower users in the Web3 era.