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1inch Network Reaches Major Milestone on Polygon with 1.4 Million Users

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It is reported that 1inch Network announced a new important milestone on Twitter, that is, it has 1.4 million users on the Polygon network. Although 1inch is a…

1inch Network Reaches Major Milestone on Polygon with 1.4 Million Users

It is reported that 1inch Network announced a new important milestone on Twitter, that is, it has 1.4 million users on the Polygon network. Although 1inch is a multi-chain price aggregator, it was originally based on the Ethereum protocol. The DEX has now launched multiple protocols, including Polygon, Arbitrum, Fantom, BNB Chain and Avalanche.

1 inch announced a new milestone: 1.4 million users on the Polygon network

Interpretation of the news:


1inch Network has announced that it has reached a significant milestone with 1.4 million users on the Polygon network. 1inch is a multi-chain decentralized exchange (DEX) aggregator that aims to provide users with the best prices across different markets. Although originally based on the Ethereum protocol, 1inch has now expanded to include other protocols such as Polygon, Arbitrum, Fantom, BNB Chain, and Avalanche.

The announcement of this milestone is important for several reasons. First, it highlights the success of 1inch’s multi-chain strategy. By expanding to multiple protocols, 1inch is able to offer its users more options and better prices. This is crucial in the highly competitive DEX market, where users are looking for the best deals.

Second, the fact that 1inch has achieved this milestone on Polygon is significant. Polygon is a popular layer 2 scaling solution for Ethereum that allows for faster and cheaper transactions. By building on Polygon, 1inch is able to offer its users faster and cheaper transactions, which is a huge advantage in the DEX market.

Finally, this milestone demonstrates the growing popularity of decentralized exchanges. As more people become aware of the benefits of decentralized exchanges (such as no KYC, lower fees, and increased privacy), we can expect to see more users flocking to platforms like 1inch.

In conclusion, 1inch Network’s announcement of its milestone on Polygon is a significant development in the world of decentralized exchanges. It highlights the success of 1inch’s multi-chain strategy, the importance of layer 2 scaling solutions like Polygon, and the growing popularity of decentralized exchanges. As the DEX market continues to grow and evolve, platforms like 1inch will play an increasingly important role in providing users with the best prices and the best user experience.

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