1inch is a decentralized exchange (DEX) aggregator that allows users to access the best possible prices for cryptocurrency trades across multiple decentralized exchanges (DEXs). By aggregating liquidity from a variety of DEXs, 1inch helps users to find the optimal price for their trades, reducing slippage (the difference between expected and actual trade price) and providing greater efficiency in decentralized finance (DeFi) transactions.

1inch’s platform supports multiple blockchain networks, such as Ethereum, Binance Smart Chain (BSC), and others, enabling cross-chain trading. It uses a smart order routing algorithm that splits orders between different DEXs to find the best price, thus improving trade execution and minimizing costs.

Key Features of 1inch:

DEX Aggregation: 1inch connects multiple DEXs to provide users with the best prices available across different platforms.
Slippage Reduction: By splitting orders between different liquidity sources, 1inch helps minimize slippage.
Cross-Chain Trading: 1inch supports multiple blockchain networks, allowing users to trade assets across different chains.
Limit Orders: Users can set limit orders on 1inch, allowing them to automate trades at a desired price.