Try Quests to earn SOL1INCH token on Ethereum
Introduction
What 1INCH token?
1inch token is a cryptocurrency asset created by the 1inch decentralized exchange. It was launched in 2020 and is based on Ethereum’s ERC-20 protocol. The purpose of the 1inch token is to incentivize users for contributing liquidity to its DEX aggregator, which provides access to multiple different exchanges at once. This allows traders to find the best prices available across all these platforms, resulting in significant savings for them compared with traditional exchanges that only offer one price per asset pair.
The main feature of this token lies in its governance system where holders can vote on changes and upgrades within the platform as well as decisions regarding additional fees or rewards associated with it through staking their tokens. Additionally, holders are rewarded quarterly dividends from trading fees collected by 1INCH when they stake their tokens over a certain period of time (currently 3 months). This incentive structure encourages long-term holding while providing users with returns that increase proportionally along with network growth and usage rate increases over time - making it an attractive investment option even during bear markets due to its low correlation risk compared against other crypto assets like Bitcoin or Ethereum..
Overall, 1INCH has become an increasingly popular choice amongst investors looking for reliable ways of generating passive income without having too much exposure towards market volatility risks associated with buying cryptocurrencies directly due its unique features such as dividend payouts & voting rights coupled together into one package - allowing people more control over how their funds are managed than ever before!
Methodology
This dashboard consists of ==three== main parts.The first part displays the daily 1INCH tokenprice Daily avg price and 100 days price moving avg. In the second part, you can see the ==update== status of holders, number, total token value, average, median, maximum and minimum balance amount related to $1INCH . Also, the number and distribution of holders based on their balance amount will be presented and updated daily. Also, to better understand the changes over time, these items are also presented for last year.
In the third part, you can see the top 50 holders for today (updated daily) and compare them with the top 50 holders at the beginning of the year. The change in the total amount of the balance in terms of the native token as well as the dollar value, the number of subscriptions of the top 50 new holders compared to the last year and some other useful information will be available to you in this section.
the following section discusses about $1INCH token interaction with sectors and shows the daily interactions with different sectors using this token.the following sections also reveals the transfer, swap and staking stats related to 1INCH tokentoken.
🧐 Observations
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total Holders 437
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total token in wallets 103M
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Max token holding 6.61M
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avg token holding 122k
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Median token holding 225
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34% of holders , Hold under 10 $1INCH their wallets (This index has decreased significantly compared to last year. The number of holders has increased compared to last year.)
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Observations
The balance value of the top 50 holders in today's date is 225M . Last year, the total balance of the top 50 holders was 138M. As a result, it can be said that the top holders have become more powerful by increasing the balance by 63%. But the dollar value of their assets has dropped by 38.6% (due to the decrease in the value of the $1INCH token).
23 of the top 50 holders are unchanged from last year and 27have changed.
🧐 Observations
- Looking at the price chart, it is clear that this token has experienced a significant jump in price since Jan 20 to Feb 20, then we can see a drop in price. In other words, the bearish trend has been broken after a long time and the price has changed direction to the downturn after hitting the 100-day moving average.
Looking at the results :
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In recent days, the number of transfers related to this token has increased significantly. As can be seen, this amount has increased from 9M in early January to 73million on Feb 9.
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These positive changes are evident in the number of transactions as well as the number of users.
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After Feb 3, users started transferring these tokens to CEXs. So that more than 30-50% of the daily transfer volume has changed to, to Cexs.
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🧐 Observations
- In recent days, the number of swaps in and out related to this token has increased significantly. As can be seen, this amounts has increased from 100-200 k in early January 20 to more than 3 million on Feb 20rd.
- In terms of txn and user count, swap out was superior, but in terms of volume, it was relatively superior to swap out.
- USDC was the most popular token to swap to/from 1INCH token.
Conclusion
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The 1inch token on Ethereum is an innovative and powerful tool for the DeFi ecosystem. It allows users to quickly and securely swap tokens between decentralized exchanges, reducing costs with its aggregated liquidity protocol. The 1inch team has also developed a range of features including flash swaps, limit orders, automated market makers (AMMs), and more that make it easier than ever for traders to take advantage of the DeFi space in a safe way.
Moreover, 1inch token has been gaining traction over time due to its strong security measures which protect user funds from malicious actors or unexpected losses. Its native governance system ensures that all decisions are made democratically by holders who have skin-in-the-game at stake through their investments in the platform’s native asset -1INCH tokens . This means that stakeholders can vote on proposed changes or improvements as well as receive rewards based on their holdings when certain goals are achieved by the project itself; thus providing incentives for long term growth.
In conclusion ,1INCH token is one of many promising projects within Ethereum's growing DeFi landscape . With its unique combination of cost savings , advanced features ,and secure governance structure ; it provides an attractive opportunity both now and in future developments within this rapidly expanding industry sector . Therefore we can expect great things from this project going forward!
Observations
- It seems that in recent days, users’ interaction with CEXs has greatly increased. In the past weeks, this sector included about 40-50% of the daily transactions and volume, but in recent days, it has reached more than 90% with a significant increase.
- in terms of the number of transactions, CEX Also became more popular in the recent days.
- In the following, we will examine whether these interactions were towards CEX or outward from CEX.
