Decentralized Exchanges (DEXs) are some of the most powerful representations of smart contracts, and 1inch Network (1INCH) is one of the pioneering protocols in this space. In its most recent update, 1inch unveiled its new major milestone, the attainment of 1.4 million users on the Polygon network.

The recent ecosystem update has notably stirred an upshoot in the price of the trading platform's native token. At the time of writing, 1INCH is up by 5.74% over the past 24 hours and by 19.32% in the trailing seven-day period. This current growth trend has added to the positivity surrounding the DEX, shoring up its growth in the year-to-date (YTD) period to 65.21%.

(By Godfrey Benjamin)

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