Voxy

What’s 1inch All About?
If you’ve ever jumped into DeFi, you’ve probably faced this question:
“Which DEX gives me the best rate for this swap?”
Well, 1inch takes that headache away.It’s like your personal DeFi assistant, scanning across hundreds of decentralized exchanges to make sure you’re getting the best deal—automatically.
Launched back in 2019 at an ETH hackathon, 1inch started as a DEX aggregator. But today, it’s grown into a full DeFi powerhouse with its own wallet, limit orders, and even a liquidity protocol.
So, How Does It Work?
Say you’re swapping ETH for USDC. Normally, you'd have to check Uniswap, SushiSwap, Curve, and a dozen more platforms to see where the best rate is.
1inch? It does that in seconds, splitting your trade across different platforms to squeeze out the best return and lower fees. It’s smart like that.
What Makes 1inch Special?
Let’s break it down:
Smart Aggregator
It pulls prices from 400+ liquidity sources. That means better rates, less slippage, and smarter trades.
Liquidity Protocol
Yup, 1inch has its own pools where people can earn yield. Think of it as their homegrown version of Uniswap.
Limit Orders
Set buy/sell targets like you do on CEXs—but on-chain, and gasless. You don’t need to watch the market 24/7.
DeFi Wallet
Their mobile wallet isn’t just sleek. You can swap, track tokens/NFTs, and even set limit orders directly from it
All-in-One Power: The 1inch Wallet
The 1inch Wallet is more than just a place to store your crypto. It’s a fully-featured DeFi control center in your pocket.
Available on iOS and Android, the wallet gives you seamless access to:
Cross-chain swaps via 1inch’s aggregation engineLimit orders (yes, gasless ones!)Token & NFT trackingIntegrated WalletConnect supportSecure seed phrase recovery & backup options
It also lets you interact with 1inch Fusion and Portfolio directly. So whether you're swapping, tracking, or spending, everything’s in one app.
And best of all? It’s non-custodial. You stay in control of your keys, always.
Download 1inch Wallet: https://1inch.io/wallet/
New Feature: 1inch Portfolio
Tired of using 10 different dashboards to track your assets?
1inch Portfolio gives you a clean, real-time overview of all your holdings, tokens, NFTs, LPs across all chains that 1inch supports.
It pulls data from your connected wallets and DeFi positions, so you can:
Check token balances and valuesTrack LP positions and yieldsSee your performance across DeFi apps
One dashboard to rule them all, check your portfolio: https://1inch.io/portfolio/
Introducing: The 1inch Card
Yep, 1inch just leveled up with a real-world crypto card
The 1inch Card is a physical (and virtual) debit card that lets you spend your crypto anywhere that accepts Visa or Mastercard. You can top it up directly with tokens like USDT, USDC, or ETH from your DeFi wallet. This debit card is brought to life in collaboration with Mastercard and Baanx.
Why it matters:
Use crypto for everyday spendingWorks online and in-storeManaged directly from the 1inch WalletNo complicated bridge or fiat ramps
This is DeFi going mainstream—you earn and trade on-chain, then pay with crypto IRL.
More details: https://card.1inch.io/

What’s Up with the $1INCH Token?
$1INCH is the token that powers everything behind the scenes.
Vote on protocol changes (hello DAO!)Stake it to earn rewardsUse it for potential discounts on fees
It’s not just a token for show, it plays a real role in how the platform evolves.
Why Do People Love 1inch?
Because it’s built for real users:
It finds better swap rates than doing it manuallyIt supports multiple chains (Ethereum, BNB Chain, Arbitrum, etc.)It’s fast, secure, and keeps improvingIt brings CEX-level features into DeFi
If you’re trading regularly or even farming yield, 1inch helps you do it smarter.
The 1inch Ecosystem Is Growing
They're not just sitting still. 1inch is constantly:
Adding support for new blockchainsWorking on Fusion+: gasless swaps with zero feesImproving their wallet experienceGiving more power to the DAO and community
Final Thoughts
If you’re navigating DeFi, you need tools that work with you. 1inch serves as the smart router for the best deals on-chain. It combines robust technology, a strong community, and rapid innovation to stay at the forefront of decentralized trading.
It’s simple, powerful, and lets you trade smarter, not harder. Whether you’re a newbie or a DeFi pro, 1inch has something for you.
Resources:
Website: https://1inch.ioApp: https://app.1inch.ioDocs: https://docs.1inch.ioTwitter: @1inch

DeFi, or decentralized finance, is a term that refers to the use of blockchain technology and smart contracts to create financial services that are open, transparent, and accessible to anyone. DeFi aims to challenge the traditional, centralized financial system by empowering individuals with peer-to-peer digital exchanges, without intermediaries or gatekeepers.
DeFi has been growing rapidly in the past few years, especially in 2020 and 2021, when the total value locked (TVL) in DeFi protocols increased from $700 million to over $200 billion1. TVL represents the amount of user funds that are deposited in a DeFi protocol, for various purposes such as staking, lending, borrowing, or providing liquidity. TVL indicates the level of trust and demand that users have for a DeFi platform, as well as the amount of capital that is available for transactions and interactions. However, despite the impressive growth and innovation of DeFi, it is still far from reaching mainstream adoption. According to a report by JPMorgan, DeFi applications are popular with sophisticated crypto investors, but they are still far off from being adopted by mainstream investors2. DeFi faces several challenges and barriers that limit its potential and appeal to a wider audience, such as:
Complexity and usability: DeFi applications often require a high level of technical knowledge and skills to use and understand. Users need to be familiar with concepts such as wallets, private keys, gas fees, smart contracts, and protocols. Users also need to navigate through multiple platforms and interfaces, each with its own features and functions. Moreover, DeFi applications are often prone to bugs, errors, and glitches, which can result in losses or frustration for users.
Security and regulation: DeFi applications are based on the premise of decentralization and trustlessness, which means that users are responsible for their own funds and actions. However, this also means that users are exposed to various risks and threats, such as hacks, scams, frauds, and thefts. DeFi applications are also subject to regulatory uncertainty and scrutiny, as different jurisdictions have different rules and standards for crypto and financial activities. Users may face legal or compliance issues, or even sanctions, if they use DeFi applications that are not authorized or licensed by the authorities.Scalability and interoperability: DeFi applications are mostly built on the Ethereum blockchain, which is the most popular and widely used platform for smart contracts and decentralized applications. However, Ethereum suffers from scalability issues, such as low throughput, high latency, and congestion. This results in high transaction fees, slow confirmation times, and poor user experience. DeFi applications also face interoperability challenges, as they are often isolated and incompatible with each other, or with other blockchains and platforms. Users may have difficulty or inefficiency in moving their funds or assets across different DeFi applications or networks.
Despite these challenges, DeFi also offers many opportunities and advantages that can attract and benefit mainstream users, such as:
Innovation and diversity: DeFi applications offer a wide range of financial services and products that are not available or accessible in the traditional financial system, such as yield farming, liquidity mining, synthetic assets, flash loans, and decentralized exchanges. DeFi applications also enable users to create and customize their own financial solutions, according to their needs and preferences. DeFi applications are constantly evolving and improving, as they are driven by the creativity and experimentation of the community and developers.Inclusion and empowerment: DeFi applications are open and permissionless, which means that anyone can use them, regardless of their identity, location, or status. DeFi applications do not require users to provide personal information, undergo verification, or rely on intermediaries or authorities. DeFi applications also empower users with more control and ownership over their funds and assets, as they can manage them directly and independently, without intermediation or censorship.Efficiency and transparency: DeFi applications are based on blockchain technology, which provides immutability, security, and traceability. DeFi applications are also based on smart contracts, which provide automation, programmability, and verifiability. These features enable DeFi applications to offer faster, cheaper, and more reliable transactions and interactions, as well as more visibility and accountability, compared to the traditional financial system.
To achieve mainstream adoption, DeFi needs to overcome its challenges and leverage its opportunities, by focusing on the following aspects:
Education and awareness: DeFi needs to educate and inform potential users about the benefits and risks of using DeFi applications, as well as the best practices and precautions to take. DeFi also needs to raise awareness and recognition among the general public and the media, as well as the regulators and policymakers, about the value and potential of DeFi, as well as the challenges and solutions that it faces.User experience and design: DeFi needs to improve its user experience and design, by making its applications more user-friendly, intuitive, and accessible. DeFi also needs to simplify and streamline its processes and interfaces, by reducing the number of steps and clicks, and providing clear and consistent instructions and feedback. DeFi also needs to enhance its aesthetics and appeal, by using more attractive and engaging graphics and animations.Security and regulation: DeFi needs to improve its security and regulation, by adopting and implementing more robust and reliable standards and protocols, as well as more effective and efficient tools and methods, to prevent and mitigate the risks and threats that users face. DeFi also needs to cooperate and communicate with the regulators and policymakers, by providing more transparency and disclosure, as well as more compliance and alignment, with the relevant rules and regulations that apply to DeFi activities.Scalability and interoperability: DeFi needs to improve its scalability and interoperability, by exploring and adopting more advanced and innovative technologies and solutions, such as layer 2, sidechains, sharding, and cross-chain bridges, that can enhance the performance and functionality of DeFi applications, as well as the compatibility and integration of DeFi applications with each other, or with other platforms and networks.
DeFi is a revolutionary and disruptive phenomenon that has the potential to transform and improve the financial system and the society. DeFi is still in its early stages of development and adoption, and it faces many challenges and barriers that hinder its growth and progress. However, DeFi also offers many opportunities and advantages that can attract and benefit mainstream users, and it is constantly evolving and improving, as it is driven by the creativity and experimentation of the community and developers. DeFi is not a sprint, but a marathon, and it requires patience, perseverance, and collaboration, to achieve its vision and mission.Happy DeFi-ing!

DeFi, or decentralized finance, is a term that refers to the use of blockchain technology and smart contracts to create financial services that are open, transparent, and accessible to anyone. DeFi aims to challenge the traditional, centralized financial system by empowering individuals with peer-to-peer digital exchanges, without intermediaries or gatekeepers.One of the key metrics that is used to measure the growth and popularity of DeFi is TVL, or total value locked. TVL represents the amount of user funds that are deposited in a DeFi protocol, for various purposes such as staking, lending, borrowing, or providing liquidity. TVL indicates the level of trust and demand that users have for a DeFi platform, as well as the amount of capital that is available for transactions and interactions.TVL is calculated by multiplying the number of tokens or coins that are locked in a DeFi protocol by their current market price. For example, if a DeFi platform has 100,000 ETH locked in its smart contracts, and the price of ETH is $3,000, then the TVL of that platform is $300 million. TVL can be expressed in different currencies, such as USD, BTC, or ETH, depending on the preference of the user or the platform.TVL can also be aggregated across different DeFi platforms, to get a sense of the overall size and health of the DeFi ecosystem. For example, according to DefiLlama, a website that tracks the TVL of various DeFi platforms, the total TVL of DeFi as of September 25, 2023, was $37.736 billion, with the top three platforms being Lido, Maker, and AaveTVL is not a perfect indicator of the success or value of DeFi, as it has some limitations and challenges. For instance, TVL does not account for the risks or returns that users face when they deposit their funds in a DeFi protocol, such as smart contract bugs, hacks, or market volatility. TVL also does not reflect the actual usage or activity of a DeFi platform, such as the number of transactions, users, or fees generated. Moreover, TVL can be influenced by external factors, such as the price movements of the underlying assets, or the availability of incentives or rewards for locking funds in a DeFi protocol.Nevertheless, TVL is a useful and widely used metric that can help users and investors to compare and evaluate different DeFi platforms, as well as to track the growth and innovation of the DeFi space. TVL can also serve as a proxy for the adoption and potential of DeFi, as it shows the amount of capital that is flowing into and out of the decentralized financial system.Happy DeFi-ing! #FutureofDeFi #DeFigoesMainstream #DeFiTrends #DeFiMeme #DeFiChallenge