1INCH Coin, a decentralized finance (DeFi) protocol known for its aggregation of different DEXs, has been making waves in the cryptocurrency market. Recent innovations include
cross-chain swap capabilities and the introduction of
Fusion+, a feature improving the security and profitability of swaps. A
Web3 Debit Card has also been launched, created in partnership with
Mastercard and Baanx. This is anticipated to be a significant step towards bringing more users to DeFi. However, this positive news is offset by the large-scale offload by
Pantera Capital and a dip of 5%, post a recent surge, reported in the coin's price. Partnerships with
Notcoin, Sign, Lumia, and Blockaid have also been announced, while a connection with
Bump will cater to its 4M users. A combination of price surge and token sell-off by whales makes investment appear volatile at first sight. However,
1INCH continues to invest in compliance and security to combat fraud and cyber threats in the DeFi space. Moreover, a venture round targeting
$70M at a $2.25B valuation signifies confidence in 1INCH’s growth and performance. This is expected to fuel a strong long-term trajectory. Their successful launch on
Android and
Ethereum Layer-2 Base provides a promising view for the coin’s expansion.
1INCH Coin News Analytics from Tue, 10 Nov 2020 08:00:00 GMT to Thu, 19 Sep 2024 09:29:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
