1inch

The 1inch Network is a decentralized exchange (DEX) aggregator designed to assist users in finding the most favorable trade prices for tokens. Rather than trading tokens from a single DEX liquidity pool, 1inch aggregates across multiple pools and recommends the most efficient trading method.

Benefits of Using 1inch

For traders dealing with large volumes of tokens, identifying all available liquidity across different DEXes to secure the best price quote can be challenging. Price quotes provided by DEX vary based on the liquidity pool at any given moment. When trading in large volumes, even minor savings can significantly impact through an optimal trading path. This is where 1inch comes into play with its user-friendly interface that aims to resolve these issues.

About Pathfinder

Pathfinder is a discovery and routing algorithm developed by the 1inch team. It powers the backend process of finding the most efficient token swap route. For instance, if a user wants to sell ETH for WBTC, Pathfinder will scan all DEXes such as Uniswap, Curve, Balancer, DODO, Sushiswap among others. The result is an optimized route that balances fees and liquidity to provide users with the best rate - eliminating their need to individually check each service for the best price.

The Creators of 1inch

Sergej Kunz and Anton Bukov are credited as founders of 1inch. The concept was conceived at a hackathon in New York City within just over 60 hours and has since grown into one of DeFi's rapidly evolving products.

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