1Inch price hits a new high as the top DEX aggregator vies for DeFi dominance
A series of protocol upgrades and new liquidity integrations prove that 1INCH is aiming to increase its DeFi and DEX aggregator market share. As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis. One of the top DEX aggregators that has recently seen its price reach a new record high is 1Inch (1INCH), a protocol which offers “access to the most liquidity, lowest slippage and best....
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The liquidity aggregator just beefed up its functionality with the Limit Order Protocol, a new tool that may have use cases beyond DEXes. Today, decentralized exchange and liquidity aggregator 1inch announce the launch of the 1inch Limit Order Protocol. The new feature boasts 5 different security audits, and will enable users to buy or sell assets at specific price targets on Ethereum, BSC, and Polygon. The new feature will also be able to interact with smart contract logic, and be able to execute orders based on oracle data. Limit orders were previously available to the DeFi ecosystem....
1inch’s co-founder speaks on friendly Uniswap rivalry, the DeFi Pulse debacle and Ethereum being both the paint point and savior of DeFi. It really doesn’t seem like the decentralized finance sector is planning to slow down its development in 2020. Interest in the sector is still growing despite high Ethereum transaction fees, and the total value locked in the space continues to break all-time highs, recently reaching $51 billion.1inch is a decentralized exchange, or DEX, aggregator that came onto the DeFi scene in the later part of 2020. The platform’s algorithm searches for the cheapest....
The total value locked at 1inch is closing in on $1 billion and the decentralized exchange aggregator has processed nearly $6 billion this month. This week the total value locked in DeFi platforms reached a new high at $26.2 billion and this record high was achieved even as Bitcoin price appeared to be slipping into a downtrend.This asymmetrical performance from DeFi-tokens suggests the sector has staying power and the ecosystem built up around DeFi platforms is likely to have a far reaching impact that may even alter the way traditional finance operates. As DeFi protocols gain traction,....
On August 31, the Atlanta-based cryptocurrency payments services provider Bitpay announced that the Bitpay wallet has integrated the decentralized exchange (dex) aggregator 1inch Network. Bitpay wallet users can utilize 1inch protocol to swap ether or the myriad of ERC20 tokens.
The Bitpay Wallet Supports 1inch
Decentralized finance (defi) has grown exponentially according to statistics as defillama.com data shows there’s $157 billion total value locked (TVL) across all defi supporting blockchains.
Metrics from Dune Analytics indicate that, as far as Ethereum....
On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch users.” 1inch to Use the L2 Solution Optimistic Rollups via Optimism Gateway Ever since the Ethereum network has been dealing with transaction congestion and much higher fees in 2021, innovations revolving around Layer 2 (L2) scaling solutions and sidechains have been pushed to the....