1inch Network is a decentralized exchange (DEX) aggregator that helps users find the best price across DEXs. Founded in May 2019 by Sergej Kunz and Anton Bukov, the platform was recently integrating cross-chain support BTC and SOL, while addressing DeFi security issues. The platform, which optimizes trades across hundreds of DEXs on 13 blockchains to find the best rates, has processed over $500 billion in volume. 1inch has always been about giving users the best interoperability and most seamless DeFi experience possible.
1inch really sets itself apart from its competition by aggregating liquidity across different DEXs, guaranteeing users the highest possible rates on their trades. This smart aggregation mechanism is especially needed in a current-day DeFi landscape that’s largely fragmented with liquidity spread thin across hundreds of protocols. The platform's ability to optimize trades across a wide array of DEXs on various blockchains positions it as a central hub for DeFi users seeking efficiency and cost-effectiveness.
The platform’s co-founders saw a huge opportunity. To solve this problem, they set out to build a service that could cut through the noise of DEXes and identify the best trade executions.
There’s no single place where you can wait for the best execution, and that’s where 1inch comes in. That’s what we’re building. The potential is huge.
1inch’s dedication to cross-chain integration is a forward-thinking approach to improving interoperability among various blockchain networks, making their ecosystem more cohesive and connected. 1inch is currently targeting Bitcoin and Solana. This interoperable strategy is designed to bridge together different blockchain ecosystems, allowing users to easily move and swap assets between networks. With increasing demand for cross-chain solutions, this new initiative addresses that need perfectly. Its goal is to create new opportunities and provide a more holistic user experience across DeFi.
Security remains a paramount concern for 1inch. The platform recognizes the inherent risks associated with decentralized finance and is actively working to mitigate these risks through various measures.
Proactively addressing regulatory expectations As part of its commitment to KYC and AML compliance, 1inch is already integrating these procedures into its offerings.
We have a service that aggregates other security services who monitor all the wallets who funds, launder funds. And who move funds from central wallets, and we decline the interaction for APIs at 1inch lab for such wallets.
1inch’s technology is built to be flexible and free of the confines of traditional finance (TradFi). The platform’s architecture is designed to leverage the power of blockchain technology to its fullest. It does create a meaningful foundation for innovation and growth in the DeFi space.
Self custody is our value proposition as well as atomic execution. We plan to expand to TradFi. From our point of view, TradFi needs to adapt for us. It is not us that has to be able to adapt to TradFi, in terms of technology because our technology is unique.
The platform is currently working to harness the new power of artificial intelligence (AI) to expand and deepen its impact. 1inch Pioneering AI technology to aggregate complex media and simplify sophisticated technological processes. This targeted approach helps ensure a more seamless and effective user experience. This progressive DeFi approach speaks to 1inch’s dedication to innovation and its long-term outlook on the evolution of DeFi.
1inch has recently released a dApp feature that allows trades to be routed through several DEXs at once, optimizing for best possible price and order execution. This addition builds on an existing platform strength in helping users identify the best rates regardless of market conditions, including the most complex trading environments.
To protect users from front-runners and other bad actors, the platform’s atomic execution guarantees that the whole swap takes place as one atomic transaction on the blockchain. This new feature removes all risk of partial fills so users can always know they’re getting the expected outcome from their trades.
Since its beta launch last September, 1inch’s Fusion+ feature has helped a whopping $200 million in cross-chain trading volume. This underlines the increasing popularity of cross-chain solutions. This highlights the increasing demand for seamless asset transfers between different blockchain networks.
We came to the idea that we have this intent-based protocol to just say what they want to get and how it’s going to be executed is the bread of market makers and market traders.
1inch gives users the freedom to determine their goals. It provides an additional incentive to market makers to compete within the platform towards the best execution, creating a more efficient and competitive trading environment.
We extended this functionality with cross-chain swaps. And now, we are a cross chain marketplace for all users.
This move makes 1inch a one-stop platform for users who want to trade assets across multiple blockchain networks.
It’s getting better and better. I think we will see in a couple of years a seamless experience like in centralized exchanges with the benefits of non-custody and atomic execution.
1inch is constantly pushing the envelope to improve its platform. Together, these efforts are massively expanding its capabilities and building a more accessible and user-friendly DeFi ecosystem.
