
1inch (1INCH)
Key data
updated $01inch (ticker: 1INCH) is a decentralized exchange aggregator — instead of running its own trading venue, it scans dozens of DEXs at once and routes your swap through whichever combination gives the best rate and lowest fees. Think of it as a price comparison engine for crypto trades. The 1INCH token is the network's governance token, giving holders a say in how the protocol evolves.
Frequently asked questions
What is 1inch and how is it different from a regular exchange?
1inch is not an exchange itself but an aggregator: it compares prices across many decentralized exchanges and splits your order across them to get you a better deal. A regular DEX only offers its own liquidity, while 1inch taps liquidity from dozens of sources at once. The difference is most noticeable on larger trades, where a single pool's price impact would hurt you.
How does 1inch work under the hood?
The core is a routing algorithm called Pathfinder, which breaks a swap into multiple parts and distributes them across different liquidity pools to minimize slippage and fees. 1INCH itself is an ERC-20 token deployed on Ethereum and several other blockchains, so it doesn't run its own consensus — it inherits the security of the chains it lives on. Holding 1INCH also lets you vote on protocol decisions and participate in staking.
How is the 1INCH token supply structured?
1INCH has a hard cap of 1,500,000,000 tokens, meaning no more can ever be minted beyond that limit. The initial supply was distributed through an airdrop to early users and liquidity mining rewards. The remainder went to the team, advisors, and ecosystem development, unlocking gradually over several years.
How can I store and use 1INCH?
Since 1INCH is an ERC-20 token, any Ethereum-compatible wallet works — MetaMask, Trust Wallet, or a hardware wallet like Ledger for stronger security. Within the 1inch ecosystem you can use it for governance voting and staking, or simply hold and transfer it like any other crypto asset. One thing to watch: 1INCH exists on several blockchains, so always double-check the network before sending.