- What is 1inch Network1inch Network is a decentralized exchange #DEX aggregator to help users discover the best trade prices for tokens. - Instead of swapping tokens from a single liquidity pool of a DEX,1inch will aggregate across different pools and suggest the most efficient way to trade tokens.Why use 1inchIf you are a trader trading large amount of tokens,you may not be aware of all the availability liquidity across different DEXes in order to get the best price quote. - Price quote offered by DEX fluctuates according to the liquidity pool at any given time. - Also,when you are trading large size,every percentage of savings can be magnified with an optimal trading path. - 1inch aims to solve all that in a single user friendly interface.What is PathfinderPathfinder is the discovery and routing algorithm developed by the 1inch team. - It is the algorithm the powers the backend to finding the most efficient route to swap a token. - For example,if a user wants to sell ETH for WBTC,Pathfinder will explore all DEXes such as Uniswap,Curve,Balancer,DODO,Sushiswap,and more. - The result is a recommended route that optimizes fees and liquidity in order to give users the best rate. - Users no longer need to check each individual services in order to find the best price.Who are the creators of 1inch1inch was founded by Sergej Kunz and Anton Bukov. - The idea for 1inch was developed at a hackathon in just over 60 hours at New York City. - Fast forward today,it is one of the fastest growing #DeFi product..
Summary of the coin 1inch
market value (Market Capital) Ranked 167
Current Price: 0.43 $USD (-1.68%) highest price statistics: 8.65 $USD total number of coins(Supply): 1,500,000,000.00 coin circulated (Circulated): 1,157,267,876.60 coin
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