The
1inch Network continues to make headlines as a force to be reckoned with in the
decentralized finance (DeFi) industry. Over the last quarter, there have been several price predictions suggesting the cryptocurrency token has the potential to reach
$1 in the future.
Surges in revenue and an impressive increase in user base, up
36% in Q2, have bolstered confidence in the network. Industry-leading partnerships have also been formed, including a significant team-up with
Mastercard and
Baanx to launch a groundbreaking
Web3 Debit Card. Another partnership with
Blockaid aims to combat
DeFi fraud and cyber threats. With the launch of its
crypto debit card, 1inch Network aims to bridge the gap between everyday transactions and cryptocurrency. New features like the
Web3 RPC API Tool simplify blockchain access for developers, further enhancing the network's innovation. Recently, the 1inch Network announced a
hardware wallet to provide secure offline storage for users' private keys and raised
$175 million, targeting a
$2.25 billion valuation. Their growth continues with the integration of the
Lumia platform to improve DeFi liquidity and a partnership with
Blockaid to combat DeFi fraud and cyber threats. Releasing proprietary hardware wallets and securing such significant growth in user base show robust trends in this DeFi heavyweight's journey.
1inch Network News Analytics from Thu, 24 Dec 2020 08:52:50 GMT to Sat, 07 Sep 2024 12:22:26 GMT -
Rating 6
- Innovation 7
- Information 9
- Rumor 8
