Chae Ho Shin, founder of Lightscale, has been appointed as the Chief Financial Officer of 1inch Network. Chae Ho Shin has over 15 years of financial experience (including blockchain and digital assets), has served as the Chief Financial Officer of MediBloc, holds a Chartered Financial Analyst (CFA) certificate, and is also an expert in macro research, forex sales, and derivatives.

According to the official blog, DEX aggregator 1inch announced improvements to the 1inch exchange and limit order functions. With these upgrades, 1inch users and integrators can enjoy more efficient exchange and limit orders, saving up to 16% in transaction costs compared to before.

1inch has released its 2023 review report, which shows that the total volume of Swap transactions has increased by 62%, reaching over 33 million transactions. Within 2023, the volume of Swap transactions increased by 70%, reaching 6.5 million transactions, and the user base grew by 30%, reaching 1.1 million. As of now, the 1inch developer portal has deployed 12 APIs (application programming interfaces), supporting 9 billion API calls, and currently has over 15,000 developers and more than 160 partners.

1inch released its 2023 data, revealing a 70% annual growth in Swap trading volume to reach 6.5 million transactions, and a 30% increase in user base to reach 1.1 million. The 1inch wallet underwent a major upgrade and integrated with Ledger in 2023. As of now, the 1inch platform has deployed 12 APIs, supporting 9 billion API calls, attracting over 15,000 developers, and partnering with over 160 companies.

Messari has released a status report on 1inch for Q4 2023, stating that 1inch's trading volume has significantly increased to $30 billion and occupies a 64% share in the Ethereum DEX aggregation market.External trading volume is almost double that of last year, with an increase in trading on the Limit Order Protocol (LOP) and 1inch Fusion, but a decrease in trading on the aggregation protocol. In Q4, Fusion trading volume increased by 66%, rebounding strongly after a 29% decline in the previous quarter.

In the world of finance, a subtle but consequential transformation is underway. Decentralized Finance (DeFi) has emerged as a disruptive force, reshaping the way we think about financial services and transactions. Still, DeFi is only serving a small fraction of retail users mostly consisting of the degen and speculative traders. Institutions do show an increasing interest in DeFi, but the regulatory uncertainty in DeFi and the lack of compliant options remain a major obstacle for corporate adoption.

According to Nansen 2 data on December 8th, Smart Money's 24-hour fund inflow tracking list on the Ethereum network is as follows:<br>ETH: Approximately $40.09 million, currently priced at $2,376.35, with a 24-hour increase of 4.87%;<br>LINK: Approximately $2.58 million, currently priced at $15.99, with a 24-hour increase of 2.63%;<br>SHIB: Approximately $2.16 million, currently priced at $0.00000999, with a 24-hour increase of 2.04%;<br>1INCH: Approximately $1.94 million, currently priced at $0.394, with a 24-hour increase of 2.68%;<br>NXM: Approximately $1.22 million, currently priced at $48.03, with a 24-hour increase of 3.67%.

According to Chain Analyst Yu Jin's monitoring, the 1inch team address (0x225) sold UNI at an average price of $5.16 on 11/17, and then bought back 420,828 UNI at an average price of $5.06 on 11/18 ($2.13 million). UNI has surged in the past two days. 2 hours ago, the 1inch team sold all 420,828 UNI for $6.29 each and exchanged them for 2.64 million USDC. They made a profit of $510,000 (+24%) in 6 days.

1inch team has taken action to acquire ETH worth about $11 million. The 1inch team's related wallet has transferred 5 million USDT and 5.9 million USDC to two liquidity positions, with the allocation amount ranging from $1,965 to $1,800. The purchase of $11 million will be completed when the price reaches the benchmark level of $1,800.

On November 17th, as monitored by Spot On Chain, within the past hour, an address starting with 0x225d and marked as 1inch: Investment Fund exchanged all of its 416,924 UNI for 2.13 million USDC, with an average selling price of $5.11 per token.

According to official sources, 1inch Labs has announced that the History API has been added to the 1inch developer portal, with the aim of expanding the range of innovative Web3 tools provided for developers. The 1inch History API provides methods based on transaction tracking, which, with the help of the 1inch Traces API, can provide transaction history records for addresses on multiple blockchains. The API features a user-friendly interface, fraud protection, support for internal transactions, and a response time of less than 200 milliseconds. The 1inch History API can be integrated into various types of DeFi projects, such as wallets, DEXs, rating tools, and DApps.

1inch has proposed to exchange all $ARB tokens on Arbitrum One for USDC, and then bridge these USDC funds to the 1inch DAO treasury on the Ethereum mainnet (the 1inch DAO treasury received an airdrop of 2,575,405 $ARB tokens in April 2023).The main purpose of this proposal is to maximize value and reduce volatility asset risks by exchanging $ARB tokens for USDC stablecoin pegged to the US dollar.

Arkham, 1inch Team's wallet sold an additional $3 million worth of stETH at an average price of $2010 after removing $3 million in liquidity from Uniswap. The wallet currently holds approximately $64 million in stablecoins and $14.3 million in stETH.

According to on-chain analyst Yu Jin's monitoring, in the past half hour, the 1inch team's address chose to sell some ETH for profit: selling 4,685 stETH for 8.54 million USDC, with an average price of $1,823, realizing a profit of $900,000. Since August 28th, the 1inch team has cumulatively purchased 10,773 ETH using 15 million USDT and 2.56 million USDC, at an average price of $1,630.

The decentralized trading aggregator 1inch Network community is voting on proposal 1IP-41, which suggests exchanging 1 million USDC in the 1inch DAO for DAI. The 1 million DAI will be pledged in the MakerDAO DSR to earn interest and directly mint sDAI. By using sDAI, the 1inch DAO can hold sDAI directly in the 1inch Treasury to represent its DSR yield. The proposal currently has a support rate of 97.09%, and the vote will end on September 11th.

According to blockchain tracker Lookonchain, the investment fund associated with decentralized exchange aggregator 1inch has suddenly acquired $10 million worth of Ethereum over the weekend. The same wallet also purchased 17,000 ETH worth $26.8 million between January and March of this year. On July 5th, the wallet sold 11,000 ETH for roughly $21 million at a profit of $3.7 million. Additionally, Lookonchain notes that a wallet known as dimethyltryptamine.eth spent 27 ETH worth $45,000 to purchase 50 billion Pepe on Sunday.

The 1inch team address (tag: 1inch: Team Investment Fund Collection) purchased 6,087.7 ETH using 10 million USDT and 70,000 USDC (a total of 10.07 million USD) 5 hours ago at an average price of 1655 USD, as monitored by on-chain analyst Yu Jin.

According to chain analysts @EmberCN, Dragonfly's 50 million 1INCH have all entered (sold), including (2022/1/6) 500,000 transferred to Genesis Trading OTC; (2023/7/18) 37.5 million transferred to OKX and Coinbase; (2023/7/19) 12 million also transferred to OKX and Coinbase. OKX and Coinbase.

1INCH, the cryptocurrency powering the 1inch Network decentralized exchange liquidity aggregator, has experienced a 15% drop in the past 24 hours, making it the worst-performing cryptocurrency in the top 100 by market cap during this time. This comes as bitcoin and ether also experience a dip in value.

The native token of 1inch, a decentralized exchange aggregator, experienced a surge of over 58% in value before dropping back down on Monday, with trading volume reaching $597 million, the highest it has been since October 2021.