1inch Network: Introduced The Parser Incentive Program And Distributed 1.5 million INCH

Key Points:

• According to a project data update from DEX aggregator 1inch Network, 1,507,992 INCH tokens have been granted to the parser incentive plan, which is worth more than 800,000 USD at the current pricing.
• 1inch Network also published transaction data on Ethereum, BNB, Polygon, Avalanche, Arbitrum, Optimism, Fantom, and Gnosis, as well as other current prominent chains.

1inch Network, a DEX aggregator, provided a project data update on February 12.

To date, 1inch Network reported that 1,507,992 INCH tokens have been granted to the parser incentive plan, amounting to more than $800,000 USD at the current pricing. The resolver incentive plan token distribution was initiated by 1inch Network at the end of January, with a total of 10 million INCH.

Furthermore, the Network announced transaction data for the following current mainstream chains: Ethereum ($240.6 billion), BNB ($32.6 billion), Polygon ($18.1 billion), Avalanche ($3.3 billion), Arbitrum ($3.2 billion USD), Optimism ($1.6 billion), Fantom ($729.1 million), and Gnosis ($192 million).

Previously, the Network unveiled Fusion, a big upgrade centered on the 1inch Swap Engine. Combination is a unique fusion of current and emerging technology designed to improve the profitability and security of swaps done over the network. Fusion mode, enabled by the Swap Engine, enables DeFi users to place orders with a fixed price and time window without incurring network costs. The patch contains substantial security changes as well as improved staking contracts and tokenomics.

1inch is an Ethereum-based decentralized platform that seeks to deliver the greatest Aggregation Protocols, with its DEX Aggregator Protocol leading the way. Furthermore, 1inch has introduced a Liquidity Protocol (AMM) and a Limit Order Protocol (tool) to provide consumers with the finest trading experience possible. In the future, the platform plans to continue developing numerous Aggregation Protocols, including a Borrowing Aggregator, a Leverage Aggregator, a Lending Aggregator, and so on.

With its huge success in the field of DEX Aggregators on Ethereum as well as Binance Smart Chain, 1inch has been the leading project in creating Aggregation Protocols. With great ambition, this network intends to grow into various Aggregation Protocols such as lending, leveraging, and so on.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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