1inch Network Token1INCH#168

1inch (1INCH) is the governance and utility token of 1inch, a decentralized exchange (DEX) aggregator designed to secure the most favorable swap rates across multiple liquidity sources. Operating primarily on the Ethereum network—while also supporting other blockchains like Binance Smart Chain (BSC) and Polygon—1inch routes trades through numerous DEXs to reduce slippage and transaction costs. This approach makes it highly appealing to both individual traders and larger entities aiming to optimize their DeFi transactions by consolidating fragmented liquidity. By using an automated market maker (AMM) approach combined with smart-routing algorithms, 1inch splits orders among different trading platforms to ensure the best possible pricing. This aggregation model allows users to sidestep the time-consuming process of manually comparing exchange rates on multiple decentralized platforms. The 1INCH token serves as a key driver of the protocol's governance structure. Token holders can submit and vote on proposals that shape the aggregator's roadmap, such as changes in protocol fees or the integration of new liquidity sources.