Decentralized exchange (DEX) aggregator 1inch Network has secured $175 million in a Series B funding round, led by Amber Group. The capital will accelerate team expansion, enhance utility for the 1inch token, and develop innovative protocols to bridge institutional and retail DeFi adoption.
Key Highlights of 1inch Network’s Funding Round
Strategic Investors and Funding Goals
- Lead Investor: Amber Group
- Participating Firms: VanEck, Jane Street, Nexo, Gemini Frontier Fund, Tribe Capital, Fenbushi Capital, Alameda Research, Celsius, and 40+ others.
- Initial Target: $70 million (surpassed to $175 million due to high demand).
1inch co-founder Sergej Kunz emphasized the platform’s institutional focus:
"The next $1 trillion in DeFi assets will come from institutions. 1inch aims to be their gateway, leveraging collaborations with traditional finance players."
1inch Network’s Growth Metrics
- Total Volume: Over $100 billion on Ethereum (per Dune Analytics).
- User Base: ~1 million active users on Ethereum.
- Multi-Chain Support: Ethereum, Binance Smart Chain (BSC), Polygon, Optimism, and Arbitrum.
👉 Discover how 1inch optimizes trades across chains
The Future of DeFi: Seamless Liquidity Access
Amber Group’s Tiantian Kullander highlighted 1inch’s role in the next DeFi phase:
"1inch unifies fragmented liquidity pools, ensuring cost efficiency and superior price discovery for all traders."
FAQ Section
1. What is 1inch Network?
A DEX aggregator that scans multiple decentralized exchanges (e.g., Uniswap, SushiSwap) to find the best swap rates for users.
2. How will the $175 million be used?
- Team scaling.
- Expanding 1inch token utilities.
- Building cross-protocol bridges for institutions.
3. Which blockchains does 1inch support?
Ethereum, BSC, Polygon, Optimism, and Arbitrum.
4. Why is institutional adoption key for 1inch?
Institutions bring scalable liquidity, driving DeFi’s next trillion-dollar growth phase.
👉 Explore institutional DeFi opportunities
Conclusion
1inch Network’s latest funding solidifies its position as a top DEX aggregator, poised to democratize DeFi access for both retail and institutional users. With multi-chain integration and a robust roadmap, 1inch is set to redefine decentralized trading.