1inch is a DeFi protocol that functions as a DEX aggregator. Its core feature is based on scanning multiple liquidity sources to get the best transaction rates available, which outperform what standalone exchanges can provide. Its Aggregation Protocol uses the Pathfinder algorithm to optimize trading routes across a massive network of over 400 liquidity sources spread across 12 distinct blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, and more. Essentially, 1inch improves the proficiency of DeFi trading, ensuring that users receive the best deals on the market.
You can view, swap, send and receive 1INCH tokens directly from your MEW Wallet. To receive your 1INCH tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the 1INCH token information page. You can send your 1INCH tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your 1INCH tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.