1inch Network - logo
1inch Network
1INCH
$0.43

Sector

DEX

Exchange Debut

2020-12-25

Market Cap

488,448,239

Maxim Supply

1,500,000,000

Circulating Supply

1,141,633,836

Circ. Supply(%)

76.11%
1inch Network - logo

1inch Network

1INCH

Price

$0.43

Market Cap

Sector

Exchange Debut

488,448,239
2020-12-25

Volume 24h

High 24h

Low 24h

18392536
0.450815960874
0.424462552907

Change 24h

Change 7d

Change 30d

-1.3528
-2.9342
8.8778

Maxim supply

Circulating supply

Circulating supply(%)

1,500,000,000
1,141,633,836
76.11%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the 1inch Network cryptocurrency:

 

Following a thorough fundamental analysis of the 1inch Network cryptocurrency, a prominent entity in the decentralized finance (DeFi) sector, this project has secured an impressive score of 7.94 out of 10. Leveraging synergistic decentralized protocols, the 1inch Network’s cornerstone is its decentralized exchange (DEX) aggregator. By scouring deals across multiple liquidity sources on multiple chains, it provides users with optimized rates that surpass those of individual exchanges. This analysis aims to delve deeper into the specific areas that contribute to this score and elucidate why 1inch Network stands out as a noteworthy contender in the crypto domain.

SOCIAL & MASS MEDIA: Score 7.44 out of 10

In the domain of Social & Mass Media, 1inch Network has managed to acquire a good score of 7.44 out of 10. The project’s excellent ability to attract followers on social media and the active engagement of its administrators contributes significantly to its score. However, the low community activity on social media is an area that warrants attention for further improvement.

AUDIT & SECURITY: Score 8.58 out of 10

The 1inch Network also performs well in the field of Audit & Security, receiving a high score of 8.58 out of 10. With robust audits and a commendable level of information transparency, the project exhibits high integrity and security standards. The significant liquidity on its exchange further underscores its robustness in this domain.

TOKENOMICS: Score 5.75 out of 10

The fundamental analysis of the 1inch Network cryptocurrency reveals some areas of improvement in Tokenomics, with a score of 5.75 out of 10. The project’s inflationary nature negatively impacts its score, while its centralized monetary mass helps counterbalance this effect.

ECOSYSTEM DEVELOPMENT: Score 8.3 out of 10

In terms of Ecosystem Development, the 1inch Network scores an impressive 8.3 out of 10. It has shown consistent achievement of objectives and intentions to bring forth new developments, signifying a promising future for the project.

TEAM & DEVELOPERS: Score 6.8 out of 10

The Team & Developers of 1inch Network have a satisfactory score of 6.8 out of 10. The team’s experience is noteworthy, although the number of software developers leaves room for enhancement.

PRODUCT & UTILITY: Score 9.2 out of 10

In the Product & Utility aspect, 1inch Network shines with a high score of 9.2 out of 10. The product’s utility is rated highly, while the utility of tokens in the ecosystem also garners a solid score.

PARTNERS & INVESTORS: Score 9.25 out of 10

Finally, the Partners & Investors score for 1inch Network is an impressive 9.25 out of 10. This underlines the project’s strong support network, with a significant number of capable investors and high-quality partners.

Fundamental analysis of the 1inch Network cryptocurrency – The final conclusion

After a detailed review and analysis of each criterion, the 1inch Network shows significant promise as an investment opportunity in the cryptocurrency market. With its advanced DEX aggregator technology and the support of an impressive number of partners and investors, 1inch Network demonstrates a strong position in the competitive DeFi space.

However, the fundamental analysis of the 1inch Network cryptocurrency also reveals potential areas of risk. Primarily, these lie in the project’s inflationary nature and the need for increased community activity. Nevertheless, the project’s strong points outweigh its drawbacks, making it a worthwhile consideration for potential investors.

In conclusion, the 1inch Network presents a robust and viable DeFi solution, backed by solid security audits, impressive utility, and an actively developing ecosystem. Investors considering this project should be aware of the risks highlighted but also the potential gains that such an innovative platform offers.

What is 1inch Network?

 

Introduction to the 1inch Network

The 1inch Network is a comprehensive ecosystem that enhances the efficiency of operations in the decentralized finance (DeFi) space. Its first protocol is a decentralized exchange (DEX) aggregator which ensures optimal deals across various liquidity sources. This provides users with superior rates compared to individual exchanges. The aggregation protocol is powered by the Pathfinder algorithm, capable of sourcing from over 300+ liquidity sources across ten chains.

Performance and Reach of the 1inch DEX Aggregator

In just over two years, the 1inch DEX aggregator has garnered over a million users and generated more than $150B in overall volume on the Ethereum network alone. This growth is indicative of the value proposition and reliability that the platform offers to its users.

Additional Protocols and Features

Besides the DEX aggregator, the 1inch Network has also introduced the 1inch Liquidity Protocol and the 1inch Limit Order Protocol. The former protects users from front-running attacks and the latter provides innovative and flexible limit order swap opportunities. The network also includes a versatile, multichain mobile wallet for secure storage and transactions.

Utility of the 1INCH Token

The 1INCH token is the network’s governance and utility token, which holders can stake to participate in the network’s DAO governance, including managing the 1inch DAO Treasury. It also allows holders to select resolvers and earn a share of their fees.

The Uniqueness of the 1inch Network

A fundamental analysis of the 1inch Network cryptocurrency reveals that the network’s unique proposition lies in its provision of deep liquidity from multiple sources across various blockchains. In addition, the network promises attractive prices and superior security, being the most audited project in DeFi. The Fusion mode introduced in late 2022 further enhances the user experience by facilitating trades on different DEXes with no network fees and protection from MEV. This feature-rich, security-focused approach distinguishes 1inch in the crowded DeFi space.

fundamental analysis of the 1inch Network cryptocurrency

1inch Network - 1INCH performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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