1inch Network

The 1inch Network is a decentralized exchange (DEX) aggregator that combines multiple liquidity sources across various blockchain networks to provide users with the best possible exchange rates. The network's first protocol is the 1inch Aggregation Protocol, which utilizes the Pathfinder algorithm to search for the most favorable trades across over 400 liquidity sources on 12 different blockchain networks, including Ethereum, BNB Chain, Polygon, Avalanche, and others. In just over two years, the 1inch DEX aggregator has reached 1 million users and has surpassed $150 billion in overall trading volume on the Ethereum network alone. The network has also introduced additional protocols, such as the 1inch Limit Order Protocol, which enables advanced trading features like stop-loss and trailing stop orders, as well as the 1inch Wallet, a multi-chain mobile platform for secure storage, transactions, and staking. The 1INCH token is the native governance and utility token of the 1inch Network. Token holders can participate in the network's decentralized autonomous organization (DAO) governance, including management of the 1inch DAO Treasury. They can also earn fees by staking their 1INCH tokens and acting as resolvers for the network's Fusion mode, which allows users to swap tokens without paying network fees. The 1inch Network was founded in 2019 by Sergej Kunz and Anton Bukov, who met during an ETHGlobal hackathon and began collaborating on various decentralized finance (DeFi) projects. The network is known for its focus on providing users with the most favorable exchange rates and a high level of security, having been one of the most audited projects in the DeFi space. In addition to the 1inch Aggregation Protocol, Limit Order Protocol, and Wallet, the 1inch Network has also introduced the Fusion mode, which allows users to swap tokens without incurring network fees and at the most favorable rates. The network's unique features and focus on aggregating liquidity across multiple blockchain networks have contributed to its growth and adoption within the DeFi ecosystem.