[ANN] 1inch Network - a distributed network for decentralized protocols

[1inchExchange]

🤓 What do we really know about crypto scams?

Today's piece will explain a fraudulent tactic in which a project's team pumps its token before 🪄 disappearing with the funds received from retail investors.

➡️ Read more: https://blog.1inch.io/avoiding-rug-pulls-a051f092e214

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[1inchExchange]

📹 Here comes the final video from our meetup ‘Institutions and DeFi in 2023’ in Davos!

Panel: DeFi ➡️ going forward, 2023 crypto trends.

▶️ Watch: https://youtu.be/tArRe2js63o

🗣️ Speakers: Alexis Roussel (COO NYM Technologies), Lukas Schor (Co-founder Safe), Aliya Das Gupta (SVP Business Development Sygnum Bank), Bastian Wetzel (Venture Capital Associate CV VC)

👤 Moderator: Nik De (reporter CoinDesk)

➡️ All videos from the meetup: https://youtube.com/playlist?list=PLHF7PiFqCHX8HOwKB6hVL1OQmGrHw0BNM

[1inchExchange]

🎉 Exciting news - we've hit a major milestone!

The total number of swaps on the 🟪 Polygon network has now surpassed 12M!

📊 Want to see more detailed analytics? Be sure to check out this Dune page: https://dune.com/1inch

[1inchExchange]

🦄 1inch Weekly Recap #53

Dear community, we invite you to read a brief overview of 1inch news for the past week.

Updates, News, and Integrations:

🤝 Zyberswap, Civilization Network, Push Protocol, Defispot, Index Coop, and OneArt Wallet were integrated with 1inch

🌌 1inch announced cooperation with Bloktopia, a decentralized metaverse powered by the Polygon network

✅ Proposal [1IP-14] ‘Update 1inch DAO Voting Process to Include st1INCH(v2)’ was accepted

Events:

🇪🇸 1inch team at the European Blockchain Convention 2023: co-founder Sergej Kunz shared his insights on bringing 1 billion users to DeFi. Francesco Abbate, finance and BD, participated in the panel ‘Leveling Up DeFi.’

Achievements:

🟣 1inch reached 12 million in total swap count on the Polygon network

Media:

📖 Avoiding rug pulls

📹 DeFi going forward: 2023 crypto trends | WEF 2023

Key stats:

☯️ 1inch Fusion Mode: $1.8B in volume, 177K swaps, 50.6K users

🔷 Ethereum: $242.6B in volume, 9.2M swaps, 1.8M users

🔶 BNB Chain: $32.9B in volume, 14.6M swaps, 2.8M users

🟣 Polygon: $18.3B in volume, 12.1M swaps, 1.4M users

🔴 Optimism: $1.7B in volume, 748.6K swaps, 171.9K users

🔺 Avalanche: $3.4B in volume, 735K swaps, 111.5K users

🟦 Fantom: $751.3M in volume, 621.5K swaps, 18.2K users



🔵 Arbitrum: $3.5B in volume, 1.4M swaps, 244.6K users

🦉 Gnosis: $195.4M in volume, 181.7K swaps, 10.1K users

[1inchExchange]

🔥 ETH burned weekly update

🔷 Ether burned over the last 7 days:
541 ETH | $1.73M 🔼 40.8% compared to the previous week

🔷 Ether burned in total:
43,969 ETH | $132.9M 🔼 1.25% compared to the previous week

[1inchExchange]

We've reached new heights! 🎢 1inch now has 1.4 million users on the Polygon network.

Just remember, folks, don't get too dizzy from all the DeFi rollercoaster action! 🤪

📊 Check out our dashboard: https://dune.com/1inch

[1inchExchange]

📢 We invite you to vote for 3 active proposals from the 1inch Community on Snapshot!



1. The first proposal is about updating the voting process by adding an 'Abstain' ✋ option.

📊 Cast your vote and show your support for [1IP-15].

🔗 https://snapshot.org/#/1inch.eth/proposal/0xb0690fac4b8237f3408da9375267bb3b1a0afa1c24d5fa9449127d233485692f



2. Do you want to be rewarded 🪙 for your contributions?

The community governance incentive proposal [1IP-16] seeks to do just that! Cast your vote 📢 and show your support for this exciting initiative.

🔗 https://snapshot.org/#/1inch.eth/proposal/0xa974bdb0054389e4a2229b68138fb51ba9ad8176264e63ddb9cf0f834bdb35d6



3. Let's come together and make a difference! A proposal has been made to donate US$100,000 towards humanitarian relief efforts in 🇹🇷 Turkey.

Support [1IP-17] to show that you care. 🙌 Let's help those in need!

🔗 https://snapshot.org/#/1inch.eth/proposal/0xb748c0fa726bb7c7051d474b9273147920d9a2119c9e062ac5231d3edc70f49e

[1inchExchange]

🐇 Meet the latest 1inch RabbitHole update!

🛡️ Now, user protection extends beyond 1inch swaps to cover Uniswap liquidity providers, as well.

Moreover, besides flashbots, we've also included bloXroute support into the 1inch RabbitHole in order to protect users from front-running/sandwich attacks more effectively.

➡️ Check out this step-by-step guide to learn more: https://help.1inch.io/en/articles/6766865-what-is-1inch-rabbithole-protection-and-how-does-it-work

[1inchExchange]

Curious about wrapped tokens? 🤔

🔍 These tokens represent the value of a blockchain’s native asset on another blockchain. If you're interested in learning more about this topic, read on.

👉 Check out our latest blog post to dive deeper: https://blog.1inch.io/wrapped-tokens-blockchain-limitation-disruptors-f953571d371a

[1inchExchange]

Here comes a mind-blowing 10-figure achievement, as 1inch Fusion Mode ☯️ smashes past $2B in volume!

Keep your seat belts fastened, because we're taking the DeFi world by storm. 🌪️

The total number of swaps 🔁 is 214K and the total number of unique wallets 👤 is 59K.

🏆 Top 5 most popular trading pairs on Fusion:

🥇 USDT - USDC
🥈 USDC - WETH
🥉 USDC - USDT
🏅 DAI - USDC
🎖️ USDT - WETH

📊 Check out the 1inch Fusion Mode dashboard here: https://dune.com/1inch/fusion

[1inchExchange]

⛓️ 1inch Weekly Chain Stats (24/02/2023)

1inch is pleased to announce an updated version of the Key Stats!

We included in-depth analytics of the previous week's data 🧐 for each blockchain. This allows you to view data on volume and swap and user numbers in the past 7 days.

Comparison with the previous week:

☯️ 1inch Fusion Mode: +$200M in volume | +37K swaps | +8.4K users

🔷 Ethereum: +$1.7B in volume | +123.8K swaps | +14.3K users

🔶 BNB Chain: +$156.2M in volume | +185.7K swaps | +34.9K users

🟣 Polygon: +$153.6M in volume | +148.8K swaps | +16K users

🔴 Optimism: +$77.9M in volume | +35.1K swaps | +4.4K users

🔺Avalanche: +$110.9M in volume | +33.7K swaps | +2.3K users

🟦 Fantom: +$12.3M in volume | +10.3K swaps | +826 users

🔵 Arbitrum: +$212M in volume | +132.1K swaps | +15.9K users

🦉 Gnosis: +$1.3M in volume | +2.1K swaps | +177 users

[1inchExchange]

🦄 1inch Weekly Recap #54

Dear community, we invite you to read a brief overview of 1inch news for the past week.

Updates, News, and Integrations:

🔄 The 1inch RabbitHole got an update: Uniswap liquidity providers’ protection and bloXroute support were added

📄 1inch’s audit report was completed by Pessimistic

☑️ Proposals [1IP-17] ‘1inch DAO Donation to Humanitarian Relief Efforts in Turkiye’ and [1IP-18] ‘1inch Analytics Dashboard’ are live

✅ Proposals [1IP-15] ‘Update 1inch DAO Voting Process to Include ‘Abstain’ option’ and ‘[1IP-16] Community Governance Incentives’ were accepted

📊 1inch announced a new stat section: Weekly Chains Stats

Events:

🇺🇸 ‘Unicorn Ugly’ party hosted by 1inch will take place in Denver on March 4

👨‍💻 1inch announced 4 challenges for ETH Denver Hackaton participants

👾 The 9th 1inch Network DAO Community Call with guests from Crypto Tax Calculator and Opolis was held on Discord

Achievements:

🥇 1inch led LunarCrush’s top of 15 projects

☯️ 1inch Fusion Mode smashed past $2B in volume

🟣 1inch surpassed 1.4M users on the Polygon network

Media:

🪙 Wrapped tokens: blockchain limitation disruptors

[1inchExchange]

⚡️ We’re excited to share a recent example of how powerful 1inch Fusion Mode could be!

Just imagine swapping 3,700 WETH into USDT and getting an average exchange rate better than the market. Namely, $1,606.04 for 1 ETH as opposed to $1,605.46.

This isn’t magic, this is how Fusion works 🦾

So here's what happened:

💰 A user was swapping a large sum and was supposed to receive less than they eventually received because of price impact.

🙏 Thanks to 1inch Fusion Mode, their transaction was split into a bunch of parts, each of which was executed by resolvers achieving the best auction price.

That’s the whole story, guys 😎

[1inchExchange]

🔥 ETH burned weekly update

🔷 Ether burned over the last 7 days:
342.76 ETH | $564.3K 🔽 36.63% compared to the previous week

🔷 Ether burned in total:
44,311 ETH | $132.5M 🔼 0.77% compared to the previous week

[1inchExchange]

Who you hang out with says a lot about you, and we're feeling pretty cool with Revolut 🤟

We even launched a 'Learn & Earn' 👨‍🏫 course together, as learning about DeFi shouldn't be boring!

👉 Read the first article from the new '1inch Partners' series: https://blog.1inch.io/revolut-grateful-for-the-excellent-cooperation-with-1inch-ae278e0d47df

[1inchExchange]

📹 Get ready for an eye-opening talk from 1inch co-founder Sergej Kunz on how to bring 1bn users to DeFi at the European Blockchain Convention 2023!

This video is packed with insights and ideas that will help you take your DeFi knowledge to the next level.

▶️ Watch now: https://youtu.be/J0mtzIjd2ho

[1inchExchange]

🌊 Welcome the new combined batch of gas refunds for February and incentives for March, distributed under the 1inch Resolver Incentive Program & Delegation Incentive Program!

✅ 1.4M 1INCH tokens have already been paid out as gas refunds to 1inch resolvers.

✅ In addition, 1M 1INCH tokens have been paid out as incentives to 1inch resolvers.

💼 How to become a resolver: https://docs.1inch.io/docs/fusion-swap/how-to-become-resolver

⚠️ The programs will run until the entire combined 20M 1INCH fund is distributed.

📚 1inch Resolver Incentive Program blog post: https://blog.1inch.io/1inch-launched-the-1inch-resolver-incentive-program-ddc394030e85

📚 Delegation Incentive Program blog post: https://blog.1inch.io/1inch-incentivizes-unicorn-power-delegation-ee381551f78

[1inchExchange]

Want to get insights 🔎 into crypto adoption, decentralization and building through a bear market?

Then don't miss our 2nd video from European Blockchain Convention 2023, featuring Francesco Abbate, 1inch Pro chairman, on the panel 'Leveling Up DeFi'! 🚀

▶️ Watch now: https://youtu.be/qVs3cF7On_0

[1inchExchange]

Whoa, looks like we're going to need a bigger boat! 🛥️

1inch just hit 1.8 million users on the Ethereum network.

That's a lot of DeFi enthusiasts riding the wave 🏄 with us. Let's keep it going!

📊 Check out our dashboard: https://dune.com/1inch

[1inchExchange]

📰 Catch up with the latest 1inch updates in our February digest!

ℹ️ In this issue: 1inch x BurritoWallet partnership announcement, the 1inch RabbitHole update, various integrations, key stats and more.

👉 Read: https://blog.1inch.io/1inch-monthly-digest-february-5d82bf5cf3ec