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1inch

1INCH

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About 1inch

1INCH is an Ethereum token that powers 1inch, a decentralized exchange that aims to offer the “best rates by discovering the most efficient swapping routes across all leading DEXes.” Decentralized exchanges (a.k.a. DEXes) like 1inch enable users to transact tokens without an intermediary. 1inch aggregates token prices across decentralized exchanges in order to find the best prices for users.

1inch Network (1INCH) is a decentralized platform that brings together various protocols to facilitate operations in the decentralized finance (DeFi) space. The network's first protocol is a decentralized exchange (DEX) aggregator that searches across multiple liquidity sources, aiming to provide users with competitive rates. The 1inch Network also includes the 1inch Liquidity Protocol, an automated market maker (AMM) that strives to protect users from front-running attacks and aims to provide opportunities to liquidity providers. The 1INCH token, the network's governance and utility token, allows holders to participate in the network's governance, including treasury management.

1inch Network operates through a series of protocols. The 1inch Aggregation Protocol uses the Pathfinder algorithm to find paths across over 300+ liquidity sources on 10 chains, including Ethereum, BNB Chain, Polygon, Avalanche, and others. This protocol aims to offer users competitive rates by aggregating deals from multiple liquidity sources. The 1inch Liquidity Protocol is an automated market maker (AMM) that strives to protect users from front-running attacks and provide opportunities to liquidity providers. The 1inch Limit Order Protocol facilitates innovative and flexible limit order swap opportunities in DeFi. The 1INCH token allows holders to stake their tokens and participate in the network's governance.

1inch Network strives to improve the DeFi space by offering users streamlined, and resilient operations. It aims to offer users competitive rates by aggregating deals from multiple liquidity sources. The network also provides an opportunity for users to participate in its governance through the 1INCH token. Users can stake their tokens, participate in the network's governance, and may receive a part of the fees as compensation. With the 1inch Fusion, users can stake 1INCH tokens and may be compensated with Unicorn Power (UP), which can be delegated to any 1inch Fusion Resolver.

1inch Network was founded by Sergej Kunz and Anton Bukov during the ETHGlobal New York hackathon in May 2019. In just over two years, the 1inch DEX aggregator has reached 1M users and surpassed a significant volume on the Ethereum network alone. In December 2020, 1inch raised funds in Series A funding, led by Pantera Capital, and in December 2021, it closed a Series B round, led by Amber Group. The network has since continued to grow and expand, introducing new features and protocols to enhance its offerings in the DeFi space.

Market

United Kingdom Market Stats

Market cap

£383.0M

Volume (24h)

£17.6M

Circulating supply

1.2B 1INCH

Typical hold time

27 days

Popularity

#138

All time high

£7.18

Price change (1h)

+0.49%

Price change (24h)

-5.35%

Price change (7d)

-5.26%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about 1inch on social media

85 unique individuals are talking about 1inch and it is ranked #670 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, 1inch has an average sentiment score of 3.2 out of 5. Finally, 1inch is becoming more newsworthy, with 0 news articles published about 1inch. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about 1inch. There were 40% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about 1inch. 60% of tweets were neutral about 1inch. These sentiments are based on 35 tweets.

On Reddit, 1inch was mentioned in 1 Reddit posts and there were 3 comments about 1inch. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

85 people

Volume rank

#670

Average Sentiment

3.2 out of 5

Twitter

Reddit

Post Score

445

Comment Score

477

1inch is on the decline this week.

The price of 1inch has increased by 0.49% in the last hour and decreased by 5.35% in the past 24 hours. 1inch’s price has also fallen by 5.26% in the past week. The current price is £0.33 per 1INCH with a 24-hour trading volume of £17.61M. Currently, 1inch is valued at 95.41% below its all time high of £7.18. This all-time high was the highest price paid for 1inch since its launch.

The current circulating supply of 1inch is 1,157,784,441.703 1INCH which means that 1inch has as total market cap of 1,157,784,441.703.

FAQ

What is the current price of 1inch?

We update our 1inch to GBP currency in real-time. Get the live price of 1inch on Coinbase.

What is the market cap of 1inch?

The current market cap of 1inch is £382.96M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of 1inch?

The all-time high of 1inch is £7.18. This all-time high is highest price paid for 1inch since it was launched.

What is the 24 hour trading volume of 1inch?

Over the last 24 hours, the trading volume of 1inch is £17.61M.

What other assets are similar to 1inch?

Assets that have a similar market cap to 1inch include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many 1inch are there?

The current circulating supply of 1inch is 1.2 billion.

What is the typical holding time of 1inch?

The median time that Coinbase customers hold 1inch before selling it or sending it to another account or address is 27 days.

What is the relative popularity of 1inch?

1inch ranks 99 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of 1inch?

Currently, 82% of Coinbase users are buying 1inch. In other words, 82% of Coinbase customers have increased their net position in 1inch over the past 24 hours through trading.

Can I buy 1inch on Coinbase?

Yes, 1inch is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy 1inch guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024