One of the major developments in the crypto space over the past few years has been the growth in the Decentralised Finance (DeFi) ecosystem. There are now plenty of such ecosystems that encompass the entire crypto space and one such protocol is 1INCH.
At this point, there are plenty of protocols that have emerged which are trying to become the biggest decentralized exchange aggregator and the competition is only going to heat up in the coming months.
1INCH is one of the major decentralized exchange aggregators and in recent times it has seen its price rise at a frenetic pace. In this situation, investors and traders who might be looking for a Decentralised Exchange project could consider keeping an eye on 1INCH.
The project claims to provide the highest liquidity, the lowest amount of slippage, and the best exchange rates in the market. It remains to be seen if it can continue to clock gains today.