1inch

Decentralized cryptocurrency exchange 1inch Private Decentralized finance (DeFi), blockchain 2019 05 19 Sergej Kunz, Anton Bukov Degensoft Ltd. Global https://1inch.com 1inch is a decentralized finance (DeFi) ecosystem that provides crypto token swap services and liquidity aggregation across multiple blockchain networks.The race to power the DeFi ecosystem is on The Economist 15 January 2022 https://www.economist.com/finance-and-economics/the-race-to-power-the-defi-ecosystem-is-on/21807229 27 June 2026 0013-0613Dillet Romain Decentralized exchange aggregator 1inch grabs $175 million in token sale TechCrunch 1 December 2021 https://techcrunch.com/2021/12/01/decentralized-exchange-aggregator-1inch-grabs-175-million-in-token-sale/ 27 June 2026Auer Raphael Haslhofer Bernhard Kitzler Stefan Saggese Pietro Victor Friedhelm The Technology of Decentralized Finance (DeFi) BIS Working Papers 1066 Bank for International Settlements January 2023 https://www.bis.org/publ/work1066.pdf 27 June 2026European Securities and Markets Authority European Banking Authority Joint Report on recent developments in crypto-assets (Article 142 MiCAR) January 2025 https://www.esma.europa.eu/sites/default/files/2025-01/ESMA75-453128700-1391_Joint_Report_on_recent_developments_in_crypto-assets__Art_142_MiCA_.pdf 27 June 2026OECD The Concentration of DeFi's Liquidity OECD Working Papers on Finance, Insurance and Private Pensions 49 OECD Publishing April 2024 https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/04/concentration-of-defi-s-liquidity_5df1e8f9/4ed08440-en.pdf 27 June 2026 The platform was developed as a decentralized exchange (DEX) aggregator, combining liquidity from decentralized exchanges and market makers.Check out the 9-slide pitch deck that helped crypto-exchange startup 1inch Network land $175 million from investors including Sam Bankman-Fried Business Insider November 2021 https://www.businessinsider.com/crypto-pitch-deck-slides-1inch-defi-startup-sam-bankman-fried-2021-11 27 June 2026Al-Fil Gérard Krypto-Börse 1inch: Sergej Kunz will endlich raus aus der Nerd-Ecke finews.ch 2 October 2025 de https://www.finews.ch/news/finanzplatz/69571-krypto-boerse-1inch-non-custodial-technologie-sergej-kunz-token-2049 27 June 2026Popa Alin 1inch unveils Web3 debit card with Mastercard The Paypers 15 April 2024 https://thepaypers.com/crypto-web3-and-cbdc/news/1inch-unveils-web3-debit-card-with-mastercard 27 June 2026 History 1inch was founded in May 2019 when Sergej Kunz and Anton Bukov developed a DEX aggregation prototype at the ETHGlobal hackathon in New York City.Bambysheva Nina 1inch Network Raises $175 Million At $2.25 Billion Valuation To Bring Traditional Financial Institutions Into DeFi Forbes 1 December 2021 https://www.forbes.com/sites/ninabambysheva/2021/12/01/1inch-network-raises-175-million-at-225-billion-valuation-to-bring-traditional-financial-institutions-into-defi/ 27 June 2026 Degensoft Ltd was formally established the following year to support its development.Form D – 1inch Ltd U.S. Securities and Exchange Commission CIK 0001830516 29 October 2020 https://www.sec.gov/Archives/edgar/data/1830516/000183051620000001/0001830516-20-000001-index.htm 27 June 2026Trademark "1inch" (Degensoft Ltd) United States Patent and Trademark Office Serial No. 99333632 https://uspto.report/TM/99333632 27 June 2026 On August 11, 2020, 1inch completed its first private token sale, raising US$2.8 million, led by Binance Labs.Hunter John Stanley Millionen für DeFi-Startup 1inch FinanceFWD 11 August 2020 de https://financefwd.com/de/millionen-1inch/ 27 June 2026 A second private token sale was held on December 2, 2020, securing an additional US$12 million from investors, including Pantera Capital.Pantera Capital Leads $12 Million Investment Round For 1inch, A Non-Custodial Crypto Exchange Aggregator Crowdfund Insider 2 December 2020 https://www.crowdfundinsider.com/2020/12/169830-pantera-capital-leads-12-million-investment-round-for-1inch-a-non-custodial-crypto-exchange-aggregator/ 27 June 2026Fang Lucius Azmi Erina Hor Benjamin Win Win Khor How to DeFi: Advanced CoinGecko 2021 https://books.google.com/books/about/How_to_DeFi_Advanced.html?id=Ivo2EAAAQBAJ 27 June 2026 In December 2020, the 1INCH token was launched on public exchanges, and the 1inch DAO was established. On April 22, 2021, 1inch released the 1inch Wallet, a non-custodial mobile wallet for managing digital assets and performing swaps. On December 1, 2021, a third private token sale raised US$175 million at a US$2.25 billion valuation, led by Amber Group and including institutional investors such as Jane Street, VanEck, Fenbushi Capital, and Alameda Research.Souček Ondřej Fond Rockaway Blockchain poprvé investuje přes sto milionů. Vsadil na amerického jednorožce E15 2 December 2021 cs https://www.e15.cz/kryptomeny/fond-rockaway-blockchain-poprve-investuje-pres-sto-milionu-vsadil-na-americkeho-jednorozce-1385886 27 June 2026Sadykov Airat ru:Ещё один сервис доставки и зарядки для электрокаров: кому дали денег на этой неделе Another delivery and EV-charging service: who got money this week Forbes Forbes Russia 4 December 2021 ru https://www.forbes.ru/svoi-biznes/448405-ese-odin-servis-dostavki-i-zaradki-dla-elektrokarov-komu-dali-deneg-na-etoj-nedele 27 June 2026 On December 25, 2022, the 1inch Fusion Protocol was released to enable more efficient routing and liquidity aggregation across protocols through intent-based execution.Capponi Agostino Iyengar Garud Sethuraman Jay Decentralized Finance: Protocols, Risks, and Governance Foundations and Trends in Privacy and Security 5 3 144–188 2023 10.1561/3300000038 27 June 2026 https://arxiv.org/abs/2312.01018 On April 29, 2025, 1inch expanded to the Solana blockchain, followed by cross-chain swaps between Solana and other networks on August 19, 2025. In May 2026, an attacker exploited a vulnerability in an outdated version of 1inch's contract used for Fussion v2, and about $15 million was taken from resolvers. 1inch said the contract was no longer in use, and the attacker kept bounty and returned the remaining assets to the affected resolver, TrustedVolumes.March 7, 2025 Outdated 1inch Smart Contract Vulnerability Leads to $5 Million Loss, Hacker Returns Assets https://forklog.com/en/outdated-1inch-smart-contract-vulnerability-leads-to-5-million-loss-hacker-returns-assets/ October 3, 2026 ForkLog In July 2026 co-founder Anton Bukov announced that he was leaving the project and starting a new one called Second Tier.July 17, 2026 1inch co-founder exits after firing claim, unveils Second Tier https://crypto.news/1inch-co-founder-exits-after-firing-claim-unveils-second-tier/ October 3, 2026 crypto.newsOlarinde Adewale July 16, 2026 1inch confirms Anton Bukov's departure after co-founder says he was fired https://ambcrypto.com/1inch-confirms-anton-bukovs-departure-after-co-founder-says-he-was-fired/ October 3, 2026 AMBCrypto Technology The 1inch Aggregation Protocol is a smart-contract-based system that optimizes trade execution by splitting orders across multiple decentralized exchanges to achieve better pricing and lower gas costs.Kitzler Stefan Victor Friedhelm Saggese Pietro Haslhofer Bernhard Disentangling Decentralized Finance (DeFi) Compositions ACM Transactions on the Web 16 4 1–26 2022 10.1145/3532857 https://dl.acm.org/doi/10.1145/3532857 27 June 2026Xu Jiahua Paruch Krzysztof Cousaert Simon Feng Yebo SoK: Decentralized Exchanges (DEX) with Automated Market Maker (AMM) Protocols ACM Computing Surveys 55 11 1–50 2023 10.1145/3570639 27 June 2026 https://arxiv.org/abs/2103.12732Beelen Dennis An Analysis of DeFi Aggregators with a Focus on Swapping Functionalities MSc thesis Central European University 2025 https://www.etd.ceu.edu/2025/beelen_dennis.pdf 27 June 2026OECD DeFi Liquidations OECD Working Papers on Finance, Insurance and Private Pensions 48 OECD Publishing 2023 https://www.oecd.org/content/dam/oecd/en/publications/reports/2023/07/defi-liquidations_89cba79d/0524faaf-en.pdf 27 June 2026 The Limit Order Protocol enables the creation of gas-efficient limit orders and programmable conditional orders. Orders are created off-chain and settled on-chain, supporting request for quote (RFQ)-style execution models.OpenZeppelin 1inch Limit Order Protocol Audit OpenZeppelin 16 December 2021 https://www.openzeppelin.com/news/1inch-limit-order-protocol-audit 27 June 2026 Launched in December 2022, Fusion is an intent-based swap protocol built on the Limit Order Protocol. It enables gasless, front-running-resistant swaps through a competitive resolver network that uses Dutch auction-style mechanisms to execute trades.Bachu Brad Wan Xin Moallemi Ciamac C. Quantifying Price Improvement in Order Flow Auctions 2405.00537 q-fin.TR 2024Yuminaga Yuki Chen Dex Sui Danning Execution Welfare Across Solver-based DEXes 2503.00738 q-fin.TR 2025 The 1inch Network is governed by a decentralized autonomous organization (DAO), where token holders collectively make decisions about protocol parameters and development.European Systemic Risk Board Crypto-assets and decentralised finance: systemic implications and policy options May 2023 https://www.esrb.europa.eu/pub/pdf/reports/esrb.cryptoassetsanddecentralisedfinance202305~9792140acd.en.pdf 27 June 2026 References 30em Category:Decentralized finance Category:Cryptocurrency exchanges Category:Ethereum Category:Software companies established in 2019 Category:2019 establishments