$1INCH is a decentralized exchange (DEX) aggregator that finds the best swap prices across many DEXs, reducing slippage and costs for traders by routing orders efficiently.
The $1INCH token serves as a governance and utility token, letting holders vote on protocol decisions and participate in staking or rewards.
Recent upgrades like Aqua shared liquidity and cross-chain integrations aim to boost capital efficiency and expand usage.
Price performance can be volatile and influenced by broader crypto sentiment and liquidity conditions in DeFi markets.
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Long-term prospects hinge on continued DeFi adoption, tech execution, and competitive positioning against other aggregators.