1inch network

About

1inch Network is an aggregation protocol and DeFi ecosystem established back in 2019 by the founders, Sergej Kunz and Anton Bukov. It was developed by Degensoft Ltd., a company that allows users to swap cryptocurrency through different decentralized exchanges, ensuring optimal trading paths, best prices, and low fees for transactions. In contrast to ordinary decentralized exchanges that use one liquidity source, 1inch uses hundreds of sources of liquidity from decentralized protocols on Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Base, Solana, Avalanche, zkSync Era, Linea, Gnosis, Sonic, and many more blockchains. 1inch Network Details: Attribute Details Blockchain Networks Supported Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, Base, Gnosis Chain, Fantom, Linea, Sonic, and other EVM-compatible networks Native Token 1INCH Token Utility Governance, staking, protocol incentives, DAO participation Supported Wallets MetaMask, Trust Wallet, Coinbase Wallet, Ledger, Trezor, WalletConnect-compatible wallets, 1inch Wallet Mobile App Yes (iOS & Android) Security Features Smart contract audits, non-custodial architecture, MEV protection (Fusion), hardware wallet compatibility Smart Contract Audits Audited by multiple security firms including OpenZeppelin, ConsenSys Diligence, and ChainSecurity Use Cases Token swaps, best-price routing, cross-chain swaps, liquidity aggregation, DeFi trading, DAO governance Main Competitors Uniswap, Matcha, ParaSwap, CoW Swap, KyberSwap, OpenOcean Funding Status Venture-funded Notable Investors Pantera Capital, Amber Group, Nima Capital, Dragonfly, Jane Street, VanEck, Fenbushi Capital, Alameda Research (historical), Galaxy Digital and others Primary Focus Finding the most efficient token swap routes across decentralized exchanges while minimizing slippage and gas costs. Key Features of 1inch Network: • Facilitates zero-bridge cross-chain swaps of tokens between 13+ blockchain networks. • Fusion Protocol is designed to make gas-saving and MEV-secure intent-based trades. • Limit Order Protocol helps to place on-chain limit orders that do not require paying gas fees before order execution. • Develops a non-custodial 1inch Wallet to keep, swap, and manage cryptocurrencies. • Has a 1inch Portfolio that helps to monitor portfolio and liquidity positions. 1inch Network Milestones: Year Achievements 2019 The 1inch DEX aggregator was created by Sergej Kunz and Anton Bukov through the ETHGlobal hackathon that took place in New York and came up with an intelligent solution to aggregate liquidity among decentralized exchanges. 2020 Formal launch of the 1inch platform, two private fundraising events, the 1INCH governance token, and 1inch DAO. 2021 Release of 1inch Wallet, Limit Order Protocol, and $175 million raised through a funding round where the value of the firm was put at $2.25 billion. 2022 Launched the Fusion Protocol, bringing about intent-based swaps that increase efficiency and shield users from front-running and MEV exploits. 2024 Integrated advanced MEV protection, wallet screening, and completed the distribution of the 1INCH token supply while expanding ecosystem products. 2025 Extension of the 1inch network on the Solana blockchain, introduction of bridgeless cross-chain swaps of assets on Solana and EVM blockchains, announcement of the new look of the company at the TOKEN2049 conference, launch of Aqua - a liquidity layer for DeFi.

Team (3)

• Sergej KunzOther, Chief Executive Officer
• anton bukovOther, Chief Technology Officer
• anton bukovPast team

Funding

• Series BVanEck17,50,00,00001 Dec 2021
• Series BFenbushiCapital17,50,00,00001 Dec 2021
• Series BAlameda -Research17,50,00,00001 Dec 2021
• Series BCelsiusNetwork17,50,00,00001 Dec 2021
• Series Bnexo17,50,00,00001 Dec 2021
• Series BTribeCapital17,50,00,00001 Dec 2021
• Series BGemini Frontier Fund17,50,00,00001 Dec 2021
• Series APantera Capital1,20,00,00002 Dec 2020

+17 more rounds

FAQs