1inch price

Reference · reviewed 14 Nov 2026

What 1inch is

1inch is a decentralized exchange aggregation network built around smart-contract-based routing. It connects liquidity spread across decentralized exchanges and helps users find an execution path for a trade. Its purpose is practical: rather than requiring users to search venues manually, the protocol uses available liquidity pools to determine how a trade can be routed. It also provides tools for limit orders and other trading functions. In plain terms, 1inch aims to make access to fragmented decentralized liquidity simpler and more efficient.

What 1INCH is used for

The 1INCH token is the network’s governance and utility token. Holders can use it to participate in governance decisions about protocol parameters and proposals. The token has also been designed for fee-related network use, including eligible gasless transactions, so it is not solely a representation of ownership. Its practical value depends on continued use of the protocol and decisions made through governance. It does not provide a claim on company profits or a fixed redemption value.

Supply

Supply figures are as of November 2026. There are 1,397,639,117 1INCH coins circulating, while total supply is 1,500,000,000. The maximum supply is also 1,500,000,000, making the asset capped: issuance is intended not to exceed that ceiling. Issued supply represents 93.2 percent of the maximum. Circulating supply is lower than total supply because tokens can remain outside active circulation. The cap limits future issuance, but it does not remove dilution risk from tokens entering circulation.

How 1inch has traded

1inch first traded in November 2021 at $3.91. Its all-time high was $4.29, recorded on 25 November 2021. These are historical reference points, not current price or market-value estimates. The early trading history shows that the token was already trading near the level later recorded as its high, while subsequent price movements remain part of its trading record. Price history alone does not establish future performance.

Risks to understand

Smart-contract risk is significant because coding errors, malicious token behavior, or failures in connected components can interrupt routing or cause losses.

• Market and execution risk: trades can be exposed to slippage, liquidity changes, front-running, and the availability of liquidity on decentralized exchanges.
• Protocol and governance risk: changes to routing rules, parameters, or treasury policy can alter how the network functions and how the token is used.
• Supply risk: circulation can increase as remaining tokens become available, even under a capped maximum, potentially pressuring holders.
• Regulatory risk: decentralized trading and aggregation may face changing legal treatment across jurisdictions.
• Operational and dependency risk: external networks, wallets, infrastructure, and decentralized venues can fail, be compromised, or change in ways that affect users.