The decentralized exchange (DEX) aggregator token 1INCH recorded a 19.43% intraday rally, reaching $0.402** with a 24-hour trading volume of **$20 million. Its market capitalization stands at $311 million, currently ranked 57th among global cryptocurrencies.
Key Metrics
- 24-hour range: $0.336 (low) – $0.404 (high)
- Circulating supply: 948,439,666 1INCH
- Weekly performance: +21.71%
- Monthly gain: +34.07%
What Is 1inch Network?
Founded in May 2019, 1inch Network operates as a DEX aggregator, scanning 170 decentralized exchanges to provide users with optimal trading rates. Key features:
- Yield opportunities: Token holders can stake assets for fixed terms to earn rewards.
- Broad adoption: Traded on major trusted crypto exchanges.
Historical Performance
| Period | Change |
|--------------|------------|
| 1 Week | +21.71% |
| 1 Month | +34.07% |
| 3 Months | -35.74% |
| 6 Months | -24.28% |
| YTD | -4.27% |
Market Context
Recent developments influencing crypto sentiment:
- Binance layoffs: Reports suggest up to 3,000 job cuts by year-end.
- Google Play’s Web3 shift: Now allows NFT-integrated apps.
- OKX Hong Kong: Surpassed 10,000 new user registrations post-app upgrade.
FAQ
Q: Why did 1INCH surge today?
A: Increased DEX activity and broader market recovery likely contributed.
Q: Is staking 1INCH profitable?
A: Yes, but rewards depend on lock-up periods and platform terms.
Q: What’s next for 1inch Network?
A: Focus remains on enhancing aggregation efficiency and user rewards.
Note: All data reflects real-time metrics. Always conduct independent research before investing.