1INCH (1inch) has risen 32.18% in the last 24 hours.

Gate News Bot news, on November 6, according to CoinMarketCap data, as of the time of writing, 1INCH (1inch) is currently priced at $0.19, with a rise of 32.18% in the last 24 hours, reaching a high of $0.19 and a low of $0.14. The current market capitalization is approximately $262 million, an increase of $63.8 million compared to yesterday.

1inch is a decentralized exchange (DEX) aggregator that provides users with the best token swap services by finding the best prices and lowest fees across multiple DEXs. The platform also offers cross-chain swapping capabilities, supporting asset transfers across more than 13 networks without the need for bridging. 1inch also provides MEV protection, wallet scanning, and other security features to prevent risks such as front-running and sandwich attacks. In addition to trading aggregation, the 1inch ecosystem includes products like the 1inch wallet, portfolio management tools, and crypto payment cards.

1INCH recent important news:

1️⃣ Launch the native swap feature between Solana and EVM chains The 1inch network recently launched a native token swap feature between Solana and Ethereum Virtual Machine (EVM) compatible chains. This innovation allows users to directly swap tokens between these different blockchain networks without additional intermediary steps, greatly enhancing the convenience and efficiency of cross-chain transactions.

2️⃣ Launch of no-wrap cross-chain token swap 1inch has further optimized its cross-chain trading functionality by launching a cross-chain token exchange service that does not require wrapping. This feature simplifies the cross-chain trading process for users, reducing the number of steps involved, and is expected to attract more users to utilize 1inch's cross-chain services.

3️⃣ Coinbase app integrates 1inch API to enhance token swapping capabilities The mainstream cryptocurrency exchange platform Coinbase is integrating the 1inch API into its app to enhance its token swapping capabilities. This collaboration not only expands the influence of 1inch but may also bring more user traffic and trading volume to 1inch.

The 1inch network occupies about 60% of the market share in the DEX aggregator market and continues to expand its service offerings, including entering the Solana ecosystem. These strategic initiatives and technological innovations may be the main factors driving the recent price rise of the 1INCH token.

This message does not constitute investment advice; investors should be aware of the risks of market volatility.