1inch is a crypto ecosystem that includes a decentralized cryptocurrency exchange aggregator. The platform aims to offer quick and easy crypto swaps for its users while providing the best rates available.
To do that, 1inch utilizes various mechanics.
- Transaction routing: 1inch automatically picks the best option out of all the exchange offers
- Transaction splitting: in case the trade would have less financial impact if it’s split between different liquidity sources — 1inch will do that automatically, too
- Minimizing fees: 1inch employs gas fee optimization as well as refunds in certain conditions.