1inch (1INCH)
Rank #156
Market snapshot
- Price
- $0.086566
- Market cap
- $122.3M
- 24h volume
- $12.9M
- Circulating supply
- 1,412,367,422.1954
- Total supply
- 1,500,000,000
- Max supply
- 1,500,000,000
What is 1inch?
1inch operates as a decentralized exchange (DEX) aggregator, providing users with access to a wide range of liquidity sources. This allows traders to execute transactions at the best available rates across multiple decentralized exchanges, enhancing their trading efficiency.
How 1inch works
1inch enables peer-to-peer transactions on the blockchain, giving traders full control over their funds. It utilizes a shared public ledger to record transactions. Users can interact with the platform directly, without the need for intermediaries, which is principle of decentralized finance (DeFi).
Key information
- Symbol
- 1INCH
- CMC rank
- #156
- Network / platforms
Arbitrum, Avalanche C-Chain, Base, BNB Smart Chain (BEP20)
- Categories
- N/A
- Date added
- Dec 25, 2020
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Arbitrum
0x6314c31a7a1652ce482cffe247e9cb7c3f4bb9afAvalanche C-Chain
0xd501281565bf7789224523144Fe5D98e8B28f267Base
0xc5fecc3a29fb57b5024eec8a2239d4621e111cbe
Key characteristics
1inch is categorized under several tags, including DeFi, decentralized exchange (DEX) token, and automated market maker (AMM). It is built on multiple blockchain networks, including Ethereum, BNB Smart Chain, Avalanche, and Optimism, allowing for cross-chain functionality. The platform is open-source, enabling community participation in its development.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is 1inch?
- 1inch is a decentralized finance (DeFi) platform that enables users to trade, lend, borrow, and earn interest directly on the blockchain.
- How does 1inch work?
- 1inch operates as a DEX aggregator, allowing users to access multiple liquidity sources and execute trades at optimal rates.
- What are the technical characteristics of 1inch?
- 1inch is open-source and categorized under DeFi, DEX token, and AMM tags, supporting multiple blockchain networks.
- What are the risks associated with using 1inch?
- Risks include price volatility, the need for secure private-key management, and the potential for operational and custody risks on centralized platforms.
- How can I verify my assets on 1inch?
- Verify the asset name, network, and contract details before transferring to ensure safety.
- Where can I find official resources for 1inch?
- Official resources for 1inch can be found on their website and GitHub repository.
