1INCH

1INCH is the native token of the 1inch Network, a decentralized exchange aggregator that searches across multiple liquidity sources to find the most efficient swap route for a user's trade. It operates on Ethereum and several other networks including Arbitrum, Avalanche, and BNB Chain. The project aims to reduce slippage and improve pricing for anyone swapping tokens without going through a centralized intermediary.

When a user submits a swap through the 1inch decentralized application, the protocol's routing algorithm splits the order across whichever combination of liquidity pools produces the best net rate, settling everything on-chain. The 1INCH token is used within the protocol's governance and can be staked to participate in fee-sharing arrangements, though the protocol itself does not rely on a standalone blockchain or consensus algorithm — it runs on top of existing networks. The circulating supply stands at roughly 1.41 billion tokens against a maximum of 1.5 billion, meaning about 93.7 percent of the total supply is already in circulation.

The protocol generated fees of 639 USD in the most recent 24-hour period, 6,793 USD over the trailing 7 days, and 66,340 USD over the trailing 30 days, with a trailing 12-month figure of 150,583.97 USD. Annualizing from the 30-day window gives a fee run-rate of 807,136.67 USD. Of total fees collected, the protocol retains a share recorded as protocol revenue — 14,328.44 USD over the trailing 30 days and 29,878.46 USD over the trailing 12 months — reflecting a take rate of approximately 21.6 percent, with the remainder, 52,011.56 USD over 30 days, going to the supply side, meaning liquidity providers and similar counterparties. The gap between the volume the protocol routes — 4,987,076,757 USD over 30 days — and the fees it captures underscores that most of the value passes through to traders rather than accumulating to the protocol.