1INCH
1INCH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
1INCH represents the native governance and utility asset of the established 1inch DEX aggregator protocol. The project demonstrates solid engineering maturity, characterized by multi-language SDK development across EVM and Solana ecosystems (Score: 7.5/10), experienced leadership under founders Anton Bukov and Sergej Kunz, and structured multi-stage DAO governance with adoption of the SEAL Whitehat Safe Harbor Agreement (Score: 7.5/10). Tokenomics reflect a permanently capped supply of 1.5 billion tokens following a 2022 mint-function burn, though utility is primarily centered on governance and resolver staking rather than direct protocol revenue sharing (Score: 6.5/10). Market liquidity and core routing utility remain sound across major chains (Score: 6.5/10). The Security and Audit History section scored 5.0/10 due to an unrecovered historical drawdown from 2021 all-time highs under the price crash rule, despite extensive multi-firm audits (CertiK, Chainsulting, ConsenSys Diligence, Cure53) and prompt containment of a December 2024 resolver private key incident without quantified protocol-level user losses. No qualifying red-flag cap applies.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About 1INCH (1INCH)
1INCH is the native governance and utility token of the 1inch Network, a decentralized exchange (DEX) aggregator protocol founded in 2019 by Anton Bukov and Sergej Kunz following an ETHGlobal New York Hackathon project. The protocol routes cryptocurrency trades across multiple automated market makers and liquidity sources to minimize slippage and optimize transaction pricing for users. The token operates on Ethereum, BNB Chain, and Base, alongside multi-chain protocol support that includes developer SDKs across EVM networks and Solana.
The tokenomics of 1INCH feature a permanently capped total supply of 1.5 billion tokens, established following an on-chain mint function burn by the 1inch Foundation in April 2022. At genesis, 94% of the supply was placed under vesting contracts, with 30% dedicated to community incentives distributed over four years. Token utility centers on decentralized autonomous organization (DAO) governance—utilizing off-chain Snapshot signaling, on-chain voting requiring a 4 million token quorum, and Unicorn Power—as well as staking and delegating to Fusion Mode resolvers, rather than direct protocol revenue sharing.
From a security perspective, the 1inch protocol maintains a public audit repository with reviews from firms such as CertiK, Chainsulting, ConsenSys Diligence, and Cure53, and participates in the SEAL Whitehat Safe Harbor Agreement. However, the project has faced operational and market challenges. In December 2024, 1inch disclosed an unauthorized access incident involving a private key belonging to the owner of a 1inch Labs resolver contract, which enabled the deployment of unauthorized contracts across Ethereum and other chains before being contained and transitioned to multisig management. Additionally, TrustedVolumes, a 1inch-related liquidity provider, suffered an exploit resulting in nearly $6 million in losses. Market-wise, 1INCH has experienced an unrecovered price drawdown exceeding 50% from its 2021 all-time high amid competition within the decentralized exchange aggregator sector.