The number of unique wallets using 1inch surpassed the 1 million mark in June, surpassing the previous peak in 2021.
1inch Beats Previous 2021 Peak, Exceeding 1 Million Unique Wallets
A major milestone for the decentralized finance (DeFi) platform, 1inch reached over 1 million unique wallets in June.
This marks the growing popularity and adoption of the platform within the crypto community, surpassing the previous peak recorded in 2021.
1inch is a decentralized exchange aggregator that allows users to find optimal trading routes on multiple decentralized exchanges.
It leverages smart contract technology to provide users with the best possible prices and lowest slippage when trading.
The fact that the number of single wallets exceeds 1 million indicates that the interest in 1inch and its services has increased.
The growth of 1inch can be attributed to several factors. First, the platform’s commitment to providing efficient and cost-effective trading solutions resonates with users seeking enhanced trading experiences in the DeFi space.
Collecting liquidity from various decentralized exchanges, 1inch offers advanced liquidity and price optimization, allowing users to access the best rates available.
The recent rise in interest in decentralized finance has further fueled the adoption of platforms like 1inch.
DeFi protocols give users more control over their assets, less dependency on intermediaries, and greater access to a wide variety of financial services.
*Not investment advice.