1inch introduction
1inch was established in March 2019 as a decentralized transaction aggregator that can intelligently route almost all DeFi transactions. By integrating with various DEX service providers, 1inch users can get the most affordable transactions, the lowest transaction latency, and can use various ERC-20 tokens for transactions. It gets the best rates by splitting the order across multiple DEXs in one transaction. The core protocol connects a large number of decentralized and centralized platforms to minimize price slippage and find the best deal for users. In addition to providing swap transactions, the 1inch platform also provides other functions. Users can trade through limit orders, deposit funds into the lending protocol, and move coins between different liquidity pools.