1inch.exchange, a revolutionary Ethereum decentralized exchange (DEX) aggregator, is excited to announce its partnership with Bitquery.io, the blockchain data provider. Through this partnership, 1inch will bring next-generation trading tools to revolutionize the decentralized exchange market landscape.
Bitquery is one of the leading blockchain data providers with the APIs support of 30+ blockchains. Bitquery’s exclusive APIs cover multiple data verticals such as blockchain compliance (Coinpath® APIs), Decentralized finance (DeFi), Decentralized Exchange (DEX), on-chain intelligence, and Digital assets.
With this integration, Bitquery will provide a real-time trading data feed from multiple decentralized exchanges and protocols to the 1inch.exchange. This will allow the aggregator to show complex DEX trade data and improve traders’ overall experience on the 1inch platform.
According to Bitquery data, the DEX market grew exponentially in 2020, with more than 1.5 million traders executed 31 million trades of different DEX protocols, totaling $100 billion in trading volume.
DEX market growth brings more traditional institutions into this space, creating demand for more efficient trading tools. With this partnership, 1inch will bring state of the art trading tools to the market, unleashing the true potential of trading via DEX aggregator.
“Decentralized exchanges together with DEX aggregators are undoubtedly forming the future of crypto trading right before our eyes,” says Sergej Kunz, 1inch co-founder and CEO. “Thanks to this partnership with Bitquery, 1inch will bring more efficient trading tools that will help attract more users to the DeFi market.”
“Not all blockchain data providers are designed the same,” says Dean Karakitsos, Bitquery CEO. “This partnership with 1inch gives to Bitquery a unique opportunity to enable efficient and data rich trading systems on DEXes.”
1inch (https://1inch.exchange/) is a decentralized exchange aggregator that sources liquidity from various exchanges and is capable of splitting a single trade transaction across multiple DEXes. Smart contract technology empowers this aggregator enabling users to optimize and customize their trades. Launched in May 2019 by Sergej Kunz, CEO, and Anton Bukov, CTO, 1inch has surpassed $20B in overall volume (live stats from Dune Analytics) in less than two years. In November 2020, 1inch was updated to version 2 (intro video) which major highlights are Pathfinder, an API that contains a new discovery and routing algorithm, and an intuitive, user-friendly UI. In December 2020, the 1inch team released its upgraded Liquidity Protocol – an AMM (automated market maker) with instant governance where LP (liquidity provider) earnings are dramatically increased by slowing down price changes to prevent arbitrage traders from earning up to 100% of the swap slippages. In February 2021, 1inch Network expanded to Binance Smart Chain. 1inch has already integrated support for 40+ top DEXes including Uniswap v1 and v2, Balancer, Curve, Kyber, SushiSwap, DODO, Oasis, and many more.
Official Medium: https://1inch-exchange.medium.com/
Official Twitter: https://twitter.com/1inchExchange
Official Discord: https://discord.gg/Xyxv2Yz
Official Telegram: https://t.me/OneInchExchange
Bitquery (https://bitquery.io/) is a blockchain data company that provides blockchain intelligence APIs for different data verticals, such as blockchain compliance with Coinpath® API, Decentralized exchange (DEX), Decentralized finance (DeFi), Digital assets. Currently, Bitquery supports more than 30 blockchains.
Official Website: https://bitquery..io/
Official Twitter: https://twitter.com/Bitquery_io
Official Telegram: https://t.me/Bloxy_info
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