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Lightscale founder serves as CFO of 1inch Network

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.

1inch announces protocol function upgrade, saving 16% on exchange and limit order transaction costs

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 releases 2023 annual review report: total Swap volume increased by 62% and exceeded 33 million transactions

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 announces 2023 annual data: Swap transaction volume increased by 70% to 6.5 million transactions

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.

1inch 2023 Q4 Status Report: Accounting for 64% of the Ethereum DEX aggregation market share, external transaction volume is almost twice that of last year

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.

Bridging the Gap between DeFi and TradFi with 1inch Fusion

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.
Bridging the Gap between DeFi and TradFi with 1inch Fusion

LINK, SHIB, and 1INCH rank at the top of the Smart Money 24-hour inflow list

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%.

The 1inch team sold 420,828 UNI 2 hours ago and made a profit of US$510,000 after holding the position for 6 days.

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.

The 1inch team has made moves to acquire approximately $11 million worth of ETH

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.

The 1inch team address sold off all of its over 416,000 UNI, which was approximately US$2.13 million.

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.