1inch (1INCH)

1INCH is the network’s native token that has a market cap of approximately $700 million and has quickly become a leading asset in the world of Decentralized Finance (DeFi) with the price having risen over 300% since December. As a backstory 1inch began as an MVP for a DEX aggregation protocol during the ETHGlobal New York hackathon in May 2019. Since then, the product has recorded significant success and evolved to become a notable player in the DeFi sector.

That being said, 1inch Network consists of five independent yet interoperable components. In addition to the 1inch Aggregation Protocol and 1inch Liquidity Protocol, which are already popular in the DeFi space, the other three components are the 1inch DAO, 1inch Labs, and the 1inch Foundation.