1inch Continues to Show Strong Confidence in Their Project by Purchasing 7.96 Million $1INCH Tokens, Valued at $1.75 Million

This significant buy caused the price of $1INCH to break through $0.27, marking a rise of over 20%.

DeFi project 1inch is seeing a strong rally in the markets with a rise of over 20% in the last 24 hours, breaking through the $0.27 mark.

This rally comes as the 1inch team continues to show support for the project with a large buy of 7.96 million $1INCH tokens, valued at $1.75 million, according to on-chain data.

After the #1inch team bought 7.96M $1INCH($1.75M), the price of $1INCH broke through $0.27, an increase of more than 20%!https://t.co/8StwttAPw9 pic.twitter.com/o20HCHzEXf

— Lookonchain (@lookonchain) September 4, 2024

The token price is also up by 27% over the last 24 hours, reaching $0.288 as of 12:30 AM on September 5, 2024.

1inch is a decentralized trading aggregator that was launched in 2019 by co-founders Sergej Kunz (@deacix) and Anton Bukov (@k06a). The platform is designed to enhance user experience by finding the best trading routes across various decentralized exchanges (DEXs). It also aims to tackle common challenges such as high transaction fees and fragmented liquidity.

1inch stands out with several key features:

Liquidity Aggregation: 1inch aggregates liquidity from multiple DEXs using its Pathfinder routing algorithm. This ensures that users get the optimal trading prices and reduced fees.

Multi-Chain Support: 1inch supports trading across multiple blockchain networks. Some of the supported chains include Ethereum, BSC, Polygon, and Optimistic Ethereum, offering flexibility and choice for users.

Limit Orders & Flash Trading: The platform allows users to set limit orders and take advantage of flash transactions, making it suitable for both basic and complex trades.

User-Friendly Interface: 1inch offers both a Simple Mode for beginners and a Classic Mode for more advanced users, featuring detailed trading tools and analytics.

The native $1INCH token, with a total supply of 1.5 billion and a market value of $335.4 million, also plays a vital role in governance and incentives. While token holders can participate in key decisions for the platform, users can earn $1INCH by providing liquidity.

1inch ：流动性聚合与多链支持的创新解决方案

? 前言：1inch 是一个 DeFi 领域的重要参与者，它凭借其流动性聚合器和多链支持功能，在加密货币交易者中赢得了广泛的关注。截止2024年9月5日0：30分，当前币价为0.288$，24小时涨幅27%。

1️⃣ 项目及背景介绍：

1inch 诞生于 2019… pic.twitter.com/rMaLlMIzXu

— 熊什么猫 (@0xPandaWhat) September 5, 2024

Recently, 1inch also announced a partnership with decentralized exchange aggregator Paraswap to further enhance liquidity aggregation on its platform. Through this integration, 1inch users will now have access to Paraswap’s deep liquidity pools and advanced trading routes.

As 1inch continues to enhance its features and expand its reach, we can expect to see further adoption and engagement within the DeFi trading community. Keep an eye on 1inch for upcoming developments and initiatives.

This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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