1inch exchange is a decentralized exchange (DEX) aggregator, which helps users discover the best trade prices for tokens. Instead of swapping tokens from a single liquidity pool of a DEX, 1inch will aggregate across different pools and suggest the most efficient way to trade tokens.
If you are a trader trading large amount of tokens, you may not be aware of all the availabile liquidity across different DEXes in order to get the best price quote. Price quote offered by DEX fluctuates according to the liquidity pool at any given time. Also, when you are trading large size, every percentage of savings can be magnified with an optimal trading path. 1inch aims to solve all that in a single user friendly interface.
1inch was founded by Sergej Kunz (CEO) and Anton Bukov (CTO). The idea for 1inch was developed at a hackathon in just over 60 hours at New York City. Fast forward today, it is one of the fastest growing DeFi product.
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