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Messari Released Report of 1inch Q3 2022

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According to 1inch's report in Q3 2022 by Messari, In Q3, the network saw a substantial decline in total trade volume similar to DEXs like Uniswap and Curve, besides, the total trading volume fell 45.5% from $49.5 billion to $27 billion. In the prior quarter, 24% of total trading volumes occurred over seven days after the panic caused by the UST collapse and stETH depeg. 1inch processed 4.6 million trades in Q3 2022. Although overall trading volume fell by almost half, total trades were flat QoQ.

Total users in Q3 rebounded from the prior period growing a modest 2.4% to 2.2 million users. There were approximately 23,500 daily average users in Q3, in line with the preceding period. Most users were on Polygon, followed by Ethereum and Binance.

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