Crypto
1inch Expands Reach with Binance Smart Chain and Polygon Integrations
1inch emerged as a significant player in the DeFi space, known for its role as a decentralized exchange aggregator. Founded in 2019 by Sergej Kunz and Anton Bukov during the ETHGlobal hackathon, the platform was designed to optimize trades across various decentralized exchanges.
In December 2020, 1inch launched its governance token, 1INCH, accompanied by an airdrop to early users. This move not only rewarded the community but also incentivized further engagement with the platform.
The year 2021 marked a period of rapid expansion and development for 1inch. In January, the platform launched its second version, 1inch V2, which brought significant improvements in terms of user interface and functionality.