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1 inch Article 2

  The future of 1inch depends on the future of decentralized finance. Decentralized exchanges are still expensive, slow and relatively insignificant compared to mighty centralized exchanges such as Binance. But with centralized exchanges suffering repeated bouts of downtime during periods of crypto price volatility, the appetite for DEXs is growing—and aggregators like 1inch are there to pick up the slack. Some of the 1inch token supply is earmarked for development, which has seen the exchange integrate new liquidity protocols at a rapid clip. So long as the market doesn’t bottom out, there's no reason to suspect that the pace of development will slow any time soon.
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1inch Network

  1inch is, first and foremost, a DEX aggregator. That means it scrapes a handful of decentralized exchanges for the cheapest prices and reroutes its customers’ trades between them to try and ensure that they're getting the best prices. As of June 2021, 1inch claims to offer users access to over 50 liquidity sources on Ethereum, 20 on Binance Smart Chain, and 8 on Polygon. The list of DEXs it draws on includes the likes of Uniswap , 0x and Balancer , as well as 1inch’s own liquidity protocol, formerly known as Mooniswap . 1inch was founded by Sergej Kunz and Anton Bukov in 2019 during ETHNewYork’s hackathon. Since then, 1inch has raised about $15 million in funding from companies such as Binance Labs, Galaxy Digital and Pantera Capital . As of June 2021, 1inch’s exchange trades about $250 million a day .
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