Review on 1inch Exchange by Pedro O. Alvino M.
DEX exchange liquidity aggregator.
1inch Exchangue, a liquidity provider of DEX exchanges available in the market, solves the liquidity problem that many DEX contain since most currency exchanges do not have enough liquidity to process the exchange, and this is where 1inch solves this problem .
Emerged through a development conference on Ethereum, the platform was mainly developed from Ethereum since DEX like Uniswap had a certain deficit in liquidity ratio like other DEX platforms and high network fee costs prevented trading for the operators, so that 1inch provides an order book of the supported DEXs to find the best exchange rate for the operator, in addition to also having the integration of the Binance Smart Chain network, it even improves the ecosystem because the management in said it is much cheaper than Ethereum.
The exchange has a lot of growth potential in the DeFi ecosystem so that the yield farms that have accounts with excellent return APRs and if there is greater growth in the DEX exchanges it is likely that 1inch will have a great demand from users for its services.
Pros
- Provides liquidity through the different DEX available in the market.
- Supports both the Ethereum network and the less expensive Binance Smart Chain.
- Reduces transaction costs through the CHI token.
- Compatible with many wallets that support web browser3.
- Excellent return programs through Pools of liquidity.
- The exchange has not counted on any attack and overload on the network.
Cons
- Its design can be difficult for beginners in the market.
- The exchange is still under development.
