$1INCH In the DeFi universe, there are hundreds of DEXs (like Uniswap, SushiSwap, Balancer, Curve, among others), and each has its own liquidity pools and exchange rates. The 1inch Network acts as an aggregator, meaning it automatically searches across all these platforms for the most efficient route to swap one token for another, often splitting the order into several parts to ensure the best possible price with the lowest gas cost.
In addition to the DEX aggregator, 1inch also offers:
1inch Wallet: a Web3 wallet for iOS and Android with support for swaps, staking, integration with dApps, and enhanced security.
1inch Fusion: a mechanism that allows for trades without gas fees, with protection against MEV (front-running attacks).
Staking and Governance: holders of the 1INCH token can stake and vote on updates and changes to the protocol.
1inch Card (in development): a debit card that will allow the use of crypto assets directly in establishments, converting to fiat currency in real-time.