1inch

Kinetex has integrated with 1inch to find the best prices within supported networks and build routes between networks with more advantageous rates.

1inch released updates including the 1inch Wallet v1.20 for Android and the 1inch Portfolio update. The 1inchDAO has live proposals on Snapshot. THORWalletDEX and Velvet Capital were integrated with 1inch. There was a 1inch Davos meetup on liquidity and market making in a DEX or CEX, as well as regulating DeFi. According to Flashbots, 1inch is the market's volume leader and second in user numbers. BitDegree launched a campaign to explore the mysteries of the 1inch Network. There was also media coverage of the #1inchParty in Davos at WEF2024.

1inch is adding new chains and protocols to enhance the user experience. The additions include Arbitrum and Gnosis chains for faster transactions, UniswapV3 on Arbitrum, Aave on Arbitrum and Gnosis, and SPARK on Gnosis.

1inch has introduced a new feature that allows users to connect their wallets with just 2 clicks. The feature provides wallet recognition and seamless extension choices for easy access to the platform.

1inch and Tide_web3 are back with the second sprint of their campaign, 'The Arbitrum Initiation.' Users who swap $500+ on Arbitrum via 1inch and complete social tasks have a chance to win 40 $ARB tokens. Don't miss out!

1inch is organizing a meetup at WEF2024 in Davos on Jan 16. The meetup will focus on DeFi adoption by institutions in the wake of SEC's approval of Bitcoin ETF. The agenda includes panels on institutional DeFi adoption, liquidity in DEX/CEX, DeFi regulation, and the potential of the Developer Portal. There will also be a networking event called 'DEXing in the Alps' with music and free drinks.

Today is the final day to enter the contest to win a #1inch sweater. The prizes will be delivered worldwide, and the winners will be announced tomorrow. To participate, retweet and like the original tweet and keep your DMs open for a surprise.

In 2023, #1inch experienced remarkable growth in its community, technological advancements, and swap volume. Despite a crypto winter, #1inch saw a 62% increase in swaps, 88% growth in users, and $114B in volume. The platform demonstrated growth on Ethereum with a 70% increase in swaps and 30% user base growth. #1inch also launched the 1inch Developer Portal and became involved in numerous events and campaigns. The platform aims to collaborate with Uniswap to enhance the Web3 ecosystem.

According to an analysis by Cyrille Pastour from Swaap Finance, 1inch has surpassed Uniswap in frontend trading volume. The Uniswap team responded, raising some points about the methodology. 1inch has created a comprehensive dashboard comparing the two platforms, showing that 1inch often leads in volume. This trend may indicate that users increasingly prefer 1inch in volatile markets. Despite competition, 1inch sees an opportunity to collaboratively enhance Web3 alongside Uniswap.

The 1inch team has reviewed their systems in response to the Ledger incident and confirms that their dApp remains secure and unaffected. As a precautionary measure, all Ledger libraries have been temporarily removed from the platform. Further updates will be provided.