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1inch Network is a decentralised finance (DeFi) protocol designed to enable users to optimise their cryptocurrency trading and swap activities. The protocol was launched in May 2020 by its co-founders Sergej Kunz and Anton Bukov and has since grown to become one of the most popular DeFi protocols in the world. The protocol is designed to be a decentralised exchange aggregator, allowing users to access the best prices from different decentralised exchanges. The protocol also provides users with a range of tools to optimise their trading activities, such as liquidity pool exploration, price comparison, and portfolio rebalancing.
1inch Network’s popularity has grown rapidly since its launch, and it is now one of the most actively used DeFi protocols. The protocol has also gained recognition from the industry, with investors such as Pantera Capital and Binance Labs investing in the protocol. The protocol has also been integrated with leading decentralised exchanges such as Uniswap, Kyber, and Bancor, allowing users to access liquidity from multiple sources. As of 2021, 1inch Network has a total value locked of over $2 billion, making it one of the largest DeFi protocols in the world.