1inch Achieves Market Capitalization of $679.44 Million (1INCH)

1inch (1INCH) traded flat against the U.S. dollar during the 1 day period ending at 10:00 AM E.T. on May 25th. 1inch has a market cap of $679.44 million and approximately $451.09 million worth of 1inch was traded on exchanges in the last 24 hours. One 1inch coin can now be purchased for $3.77 or 0.00005887 BTC on popular cryptocurrency exchanges. In the last seven days, 1inch has traded flat against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • BITCOIN ADDITIONAL (BTCA) traded up 1.6% against the dollar and now trades at $29,714.53 or 0.99822606 BTC.
  • Binance USD (BUSD) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00003357 BTC.
  • Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded 0.1% higher against the dollar and now trades at $1.00 or 0.00003361 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • Polygon (MATIC) traded 1% higher against the dollar and now trades at $0.64 or 0.00002159 BTC.
  • yOUcash (YOUC) traded down 0% against the dollar and now trades at $0.50 or 0.00001680 BTC.

1inch Profile

1INCH is a coin. Its launch date was August 1st, 2020. 1inch’s total supply is 1,500,000,000 coins and its circulating supply is 180,362,122 coins. The Reddit community for 1inch is /r/1inch/ and the currency’s Github account can be viewed here. 1inch’s official website is 1inch.io. 1inch’s official Twitter account is @1inch and its Facebook page is accessible here.

According to CryptoCompare, “The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space. 

The 1inch Network’s first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 60+ liquidity sources on Ethereum, 30+ liquidity sources on Binance Smart Chain, 30+ liquidity sources on Polygon, Optimistic Ethereum, and Arbitrum. In just over two years of operation, the 1inch Aggregation Protocol surpassed $90 bln in overall trading volume on the Ethereum network alone. 

The 1inch Liquidity Protocol is a next-generation automated market maker (AMM) that protects users from front-running attacks and offers attractive opportunities to liquidity providers. 

The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions. 

The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction, and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.

The 1inch Network’s governance token 1INCH is used to vote on protocol parameters under the decentralized autonomous organization (DAO) model.”

Buying and Selling 1inch

It is usually not currently possible to purchase alternative cryptocurrencies such as 1inch directly using U.S. dollars. Investors seeking to trade 1inch should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase 1inch using one of the exchanges listed above.

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