🔍 1inch Network – Top Global DEX Aggregator: Q1/2025 Volume, Complete Tokenomics & Roadmap 2025 - 2026
(Data updated until 07/2025 and is just basic information about the project to facilitate basic assessment – Not investment advice)
It can be said that @1inch is a unicorn project at the time of the initial DeFi trend launch. But in terms of price...
1/ Overview & usage level
- In Q1/2025, total daily volume decreased from $499M → $422M (–15.4% QoQ); however, average transactions increased by 20.1% QoQ, active users increased by 2.6% to ~67.8K/day.
- Aggregation Protocol volume decreased from $369.7M → $310.8M/day, while the volume through Fluid, Maverick, PancakeSwap increased by +135%, +37%, +23% QoQ.
2/ 📊 Revenue / Fees
1inch does not disclose specific revenue, but based on DeFiLlama, the revenue fee for the last 30 days reached ~$67M, equivalent to ~$200M/quarter from swap fees, limit orders, Fusion.
3/ 💰 Tokenomics
- $1INCH currently has a market cap of ~$255M (can fluctuate between $240–$300M). ATH price reached $8.65 (27/10/2021) and ATL $0.1495 (9/4/2025). The decline from ATH → ATL is about 58×, and with the current price of ~$0.18, it is still –98% compared to ATH; the current price is about ~1.2× ATL. Circulating supply ~1.39B/1.5B total.
- According to unlock and on-chain information, 1inch has fully unlocked. And the 1inch fund is gathering its own tokens and BTC, ETH (but they prioritize BTC and ETH more)
4/ Ecosystem & Dev
- The network contributes through 1inch Earn, Fusion Engine, Limit Order Protocol, Cross-chain Routing.
- Allows swapping across multiple chains like Ethereum, BNB, Base, OP, with notable growth in Base & BNB (BNB transactions +52.9% QoQ; Base +22.7%).
- Integration with Hyperliquid – order-book platform, margin trading, staking 1INCH.
5/ 🛣️ Roadmap & future direction
- Fusion Mode & Earn Pools: enhance swap optimization, increase fee-sharing & yield.
- Expanding chains: prioritizing Base, BNB, OP… boosting cross-chain routing.
- Staking & margin features: partnering with Hyperliquid to enhance 1INCH utility.
- Revenue-sharing model: developing “Earn” pools and DAO governance to encourage holding and using the token.
6/ ✅ & ⚠️ Opportunities – Challenges
✅ Very strong revenue fee (~$200M/quarter).
✅ The token has been strongly deflationary – supporting a burn/reward mechanism.
✅ Diverse integrations & a well-developed ecosystem.
⚠️ The price is still significantly lower than ATH – affecting psychology & market capitalization.
⚠️ Competition from other aggregators & strong AMMs like Uniswap v4, Pancake Infinity.
⚠️ The strategy to maintain user numbers and increase TVL needs to continue to be strengthened.
7/ 📌 Conclusion
1inch maintains a leading position in the DEX aggregator space with an average volume of $422M/day and a revenue fee potential of ~200M USD/quarter. Although the token has “dropped” about 98% since the peak, the deflationary mechanism, expanded roadmap for staking – cross-chain and order-book margin integration help 1inch have a long-term development foundation. The key is to strengthen adoption, utility of the token, and maintain technological leadership compared to competitors.
Data source: Messari, Blogtienao, coinmarketcap
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