The 1 Inch Coin market cap has been steadily increasing, reaching a high of $1.5 million in March 2023.
According to our analysis, the 1 Inch Coin market cap is expected to continue growing, with some predictions suggesting a potential increase to $2 million by the end of 2023.
The 1 Inch Coin's market capitalization is a key indicator of its value and potential for growth.
What Is Oneinch
1inch is a non-custodial decentralized exchange (DEX) aggregator and liquidity provider.
It helps users find the best rates and lowest fees for their trades by displaying prices and liquidity available on multiple exchanges.
The 1inch price is currently $0.355, down -7.01% in the last 24 hours.
It has a live market cap of $496,544,884 and a circulating supply of 1,397,987,835 1INCH coins.
1inch has a max supply of 1,500,000,000 1INCH coins alongside $56M 24h trading volume.
CoinStats, a cryptocurrency research and portfolio tracker app, provides valuable information on 1inch and other cryptocurrencies.
How It Works
1inch is a decentralized exchange (DEX) aggregator that helps users find the best deal for their intended transaction. Its Pathfinder algorithm is designed to find the best possible path for a token swap using various exchanges and liquidity protocols.
The algorithm considers the prices and fees on different DEXs to find the best exchange rate across many platforms. This means users can get the best token swap rates without having to manually search multiple exchanges.
For example, if you want to buy Wrapped Bitcoin using Ethereum on a DEX, 1inch will help you find the decentralized exchange with the best deal. This is made possible by sourcing liquidity from various DEXs, ensuring that users get the best possible rate.
The system accommodates the traders' needs and finds the best exchange rate across many platforms, making it a valuable tool for anyone looking to trade cryptocurrencies.
Ethereum DeFi Projects
Top Ethereum burner DeFi projects like Uniswap, Metamask, and 1inch are boosting network efficiency by burning millions of coins.
These projects are enhancing network efficiency and scarcity, which can have a positive impact on the overall Ethereum ecosystem.
By burning coins, these projects are reducing the total supply of Ethereum, making the remaining coins more scarce and potentially increasing their value.
How It Works
1inch is a decentralized exchange (DEX) aggregator that helps users find the best token swap rates across various platforms.
It uses a Pathfinder algorithm to find the best possible path for a token swap, considering all the different exchanges and liquidity protocols that can facilitate this trade.
The algorithm takes into account the varying prices and fees on different DEXs, making sure users get the best deal for their intended transaction.
For example, if you want to buy Wrapped Bitcoin using Ethereum on a DEX, 1inch will help you find the exchange with the best deal.
The system accommodates the traders' needs and finds the best exchange rate across many platforms, making it a valuable tool for users looking to navigate the world of decentralized finance.
Ethereum DeFi Projects Boost Network Efficiency
Ethereum DeFi projects are not only popular for their innovative financial applications, but they're also working behind the scenes to boost network efficiency.
Uniswap, a top Ethereum DeFi project, burns millions of tokens, enhancing network efficiency and scarcity. This action helps reduce the circulating supply of tokens and increases their value.
Metamask, another prominent Ethereum DeFi project, also contributes to network efficiency by burning tokens. This process has a positive impact on the overall health of the Ethereum network.
1inch, a popular Ethereum DeFi platform, joins the ranks of network efficiency boosters by burning millions of tokens. This collective effort by top DeFi projects is a significant step towards a more efficient and healthy Ethereum network.
Market Cap and Forecast
The 1inch market cap is a significant indicator of its value and ranking among cryptocurrencies. As of January 13, 1inch has a market capitalization of $496.6 Million and is ranked #141.
This calculation is based on the circulating supply of 1inch, but if we take into account the total supply, the market capitalization would be $533.1 Million.
Network Forecast 2024-2030
As we dive into the world of cryptocurrency, it's essential to understand the forecast for networks like 1inch Network. The 1inch Network (1INCH) Price Prediction 2024, 2025, 2026-2030 highlights the importance of caution when it comes to relying on content for financial decisions.
No part of the content provided constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.
As we look ahead to the future, it's crucial to understand the network forecast for 1inch Network. The 1inch Network (1INCH) Price Prediction 2024, 2025, 2026-2030 emphasizes the need for individual research and decision-making.
The 1inch Network (1INCH) Price Prediction 2024, 2025, 2026-2030 explicitly states that any use or reliance on the provided content is solely at your own risk and discretion. This serves as a reminder to approach cryptocurrency investments with caution and thorough research.
Current Market Cap
The current market cap of 1inch is a significant figure, and as of January 13, it stands at $496.6 Million, ranking #141 among all cryptocurrencies.
This calculation is based on the circulating supply of 1inch, which is 1,141,188,098 tokens, as of February 2024.
If we take into account the total supply of 1inch, the market capitalization would be $533.1 Million, a notable difference that highlights the importance of considering the total supply when evaluating market cap.
The live 1inch exchange rate varies from moment to moment, making it challenging to provide an exact market cap, but as of January 13, we have a reliable figure to work with.
Here's a quick comparison of the two market cap figures based on circulating and total supply:
Token Information
The 1inch token is the native cryptocurrency of the 1inch Network, a decentralized exchange (DEX) aggregator platform.
It operates as an ERC-20 token on the Ethereum blockchain, making it easily accessible to many users in the DeFi space.
The primary purpose of the 1inch token is to incentivize participation in the 1inch Network and to align the interests of all stakeholders.
Token holders can participate in governance decisions, stake their tokens to earn rewards, and access premium features within the 1inch ecosystem.
The token's supply is capped at 1.5 billion, with a portion of tokens burned regularly based on the network's usage, making the token deflationary in nature.
Over 16.5 million different wallets have been used, and 99 million or more trades have been made on the 1inch Network.
Token Definition
The 1INCH token is a native cryptocurrency of the 1inch Network, a decentralized exchange (DEX) aggregator platform, operating as an ERC-20 token on the Ethereum blockchain.
It serves as a means to incentivize participation in the 1inch Network and align the interests of all stakeholders.
Token holders can participate in governance decisions, stake their tokens to earn rewards, and access premium features within the 1inch ecosystem.
Current Network Circulating Supply
The circulating supply of 1INCH tokens is a key metric to understand the network's dynamics. As of February 2024, the current circulating supply of 1INCH tokens is 1,141,188,098.
This number gives you an idea of how many tokens are currently in circulation and available for trading or usage on the 1inch network.
Statistics and Charts
The 1inch coin has a current price of $0.355, which is down -7.01% in the last 24 hours. This price change is reflected in its market cap, which has dropped to $496,544,884.
The 1inch coin has a circulating supply of 1,397,987,835 coins, making up 93% of its total supply. The total supply is capped at 1,500,000,000 coins.
Here are the 1inch coin's price statistics over the last 30 days:
The 1inch coin has seen a significant drop in price over the last 30 days, with a total decrease of -27.28%.
What Is Oneinch Chart
The 1inch chart is a crucial tool for investors and traders, and it's essential to understand what it's all about. The 1inch price is currently at $0.355.
The chart shows the price of 1INCH in the last 24 hours, which has dropped by -7.01%. This is a significant decrease, and it's something to keep an eye on.
The market cap of 1inch is $496,544,884, which is a substantial amount of money. It's also worth noting that the circulating supply of 1INCH coins is 1,397,987,835, while the max supply is 1,500,000,000.
The 24-hour trading volume of 1inch is $56M, which is a relatively high volume. This indicates that there's a lot of activity happening in the 1inch market.
1inch is a non-custodial decentralized exchange (DEX) aggregator and liquidity provider that helps you find the best rates and lowest fees for your trades.
Transactions Chart
The 1inch transactions chart shows a significant number of transactions have been made over the last 30 days, with over 21,024 1INCH transactions completed.
This is a substantial amount of activity, and it's interesting to note that the average daily completed transactions is around 700.80.
The 1inch transactions chart provides a clear picture of the coin's usage and adoption, which is an important factor to consider when evaluating its potential.
The high number of transactions suggests that the 1inch network is being actively used by a large number of users.
This could be a sign of a growing community and increasing demand for the 1inch token.
One Inch Stats
The 1inch project has a circulating supply of 1,397,987,835 1INCH coins, with a max supply of 1,500,000,000 1INCH coins.
As of now, the market price of 1inch is $0.355, down -7.01% in the last 24 hours. This is a significant drop, but it's essential to keep in mind that the crypto market can be volatile.
The 1inch price change over the last 30 days is -27.28%, indicating a decline in value. However, it's worth noting that the market cap is still substantial, at $454,854,230.
The 1inch token has a total supply of 1,500,000,000, with a circulating supply of 1,278,784,763. This means that a significant portion of the tokens are still held by investors.
Here's a breakdown of the 1inch market cap chart:
The 1inch blockchain stats show that there have been 605 transactions in the last 24 hours, with an average of 25.21 transactions per hour. The top 100 richest holders hold 1,271,782,626 1INCH, worth approximately $452 million, which is 85% of the total.
Over the last 30 days, there have been more than 21,024 1INCH transactions, with an average of 700.80 completed transactions per day.
Frequently Asked Questions
How much is 1 inch now?
As of now, 1inch Network's current price is approximately $0.3911 USD. Check our platform for the latest updates and trends.
Will 1INCH ever recover?
Yes, analysts expect 1INCH to start a cautious recovery, with a projected upward trend in price throughout the year. A potential price increase is forecasted, reaching €0.3600 in September and €0.8600 by December.
How much money is 1 inch?
1 INCH is currently equivalent to approximately 0.42 USD
Featured Images: pexels.com