1INCH 1INCH Rank #241 $0.0840 ▲ 2.44%

1INCH is the native governance and utility token of the 1inch Network, a decentralized finance (DeFi) ecosystem that operates as a decentralized exchange (DEX) aggregator. The platform is primarily built on Ethereum but extends across the BNB Chain and Base ecosystems, among others, allowing it to integrate with a broad range of networks and tokenized real-world assets. The core function of 1inch is to source liquidity from multiple DEXs and automated market makers (AMMs) in order to offer users optimized token swap routes at competitive rates. Beyond aggregation, the 1inch product suite includes a self-custodial wallet, a portfolio tracking tool, a crypto card for spending and borrowing, and infrastructure tools that allow external builders to tap into its on-chain protocols. Within the ecosystem, the 1INCH token is used for governance, giving holders the ability to participate in decisions about protocol parameters and development direction. The token is included in several industry indices, reflecting the project's standing within the DeFi sector, and has attracted backing from notable venture capital and crypto investment firms.