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1inch has raised $195.0M across 3 funding rounds.
Key people at 1inch.
1inch was founded by Anton Bukov (Co-Founder) and Sergej Kunz (Co-Founder).
1inch has raised $195.0M in total across 3 funding rounds.
1inch is a decentralized finance technology company based in Dubai, United Arab Emirates, that operates a decentralized exchange aggregator to scan multiple liquidity sources across blockchain networks for optimal cryptocurrency trade rates. The protocol has processed nearly $500 billion in total lifetime trading volume across more than 15 million user wallets. Beyond its core aggregator, the organization develops related Web3 products, including mobile and hardware wallets, enterprise API subscriptions, and gasless cryptocurrency swap features. The company has raised approximately $190 million in total venture funding, including a $175 million Series B round at a $2.25 billion valuation, backed by prominent investors such as Pantera Capital, Binance Labs, and Paradigm. Additionally, the firm partnered with Mastercard and Baanx to launch a Web3 debit card for everyday cryptocurrency purchases. 1inch was founded in 2019 by Sergej Kunz and Anton Bukov.
Key people at 1inch.
1inch was founded by Anton Bukov (Co-Founder) and Sergej Kunz (Co-Founder).
1inch has raised $195.0M in total across 3 funding rounds.
1inch's investors include Dragonfly Capital Partners, Animoca Brands, Gumi Cryptos Capital, Hack VC, Outlier Ventures, The Hit Forge, Triatomic Capital, Alex Pack, Balaji Srinivasan, Greg Kidd, SID Venture Partners.
1inch has raised $195.0M across 3 funding rounds. Most recently, it raised $180.0M Series B in November 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2021 | $180M Series B | — | Dragonfly Capital | Announced |
| Dec 1, 2020 | $12M Series A | — | Animoca Brands, Gumi Cryptos Capital, Hack VC, Outlier Ventures, The HIT Forge, Triatomic Capital, Alex Pack, Balaji Srinivasan, Greg Kidd | Announced |
| Aug 1, 2020 | $3M Seed | — | SID Venture Partners | Announced |
# 1inch: A DeFi Infrastructure Company
1inch is a decentralized finance (DeFi) protocol suite that functions as a DEX aggregator—a platform that sources liquidity from multiple decentralized exchanges to help users find the best swap rates and lowest fees across blockchains.[1][2] Rather than a traditional technology company with a centralized product, 1inch operates as an open-source ecosystem designed to optimize on-chain trading and capital efficiency.
The platform serves cryptocurrency traders and DeFi participants who want to execute token swaps without manually comparing prices across dozens of exchanges.[4] Its core mission is to make DeFi accessible, secure, and efficient by abstracting the underlying complexity of decentralized trading.[5] 1inch solves a fundamental problem in decentralized finance: at any given time, prices and transaction fees vary significantly across different DEXs, and finding the optimal route requires comparing multiple venues. By consolidating this information into a single platform, 1inch enables users to capture better trading opportunities with minimal friction.
The platform has demonstrated substantial growth, with hundreds of billions in assets and hundreds of thousands of users.[6] Beyond its flagship DEX aggregation product, 1inch has evolved into a multi-product ecosystem that includes a liquidity protocol (AMM), limit order protocol, cross-chain swap functionality, and a mobile wallet.[2]
1inch was conceived during an ETHGlobal hackathon in New York in 2019, where co-founders Sergej Kunz and Anton Bukov built an early DEX aggregation prototype in a compressed timeframe.[2][4] Kunz previously worked as a software engineer for Porsche, while Bukov was a developer who had contributed to the NEAR Protocol.[4] The success of that hackathon experiment led to the formal launch of 1inch Network in 2020, which quickly gained traction during the first major DeFi growth cycle.[2]
The company has demonstrated continuous evolution. It initially used an 0x-based limit order engine, but in 2021 introduced its own protocol.[3] In 2022, it added intent-based swaps allowing users to specify custom buy and sell orders.[3] By 2024, it incorporated atomic cross-chain capabilities with MEV (maximal extractable value) protection, and in 2025, it introduced bridge-free swaps between Solana and EVM networks.[3]
Smart Order Routing: 1inch's Pathfinder algorithm identifies the most efficient trading routes across multiple markets by exploring all available DEXes, optimizing for both fees and liquidity.[1][4] Single trades can be split across multiple platforms to deliver the most price-efficient outcome.
Multi-Blockchain Support: The platform operates across numerous networks including Ethereum, Arbitrum, Avalanche, BNB Chain, Polygon, Optimism, zkSync Era, Base, and others, providing unified access to DeFi liquidity.[3]
Comprehensive Ecosystem: Beyond DEX aggregation, 1inch offers an automated market maker (AMM), limit order protocol, cross-chain swap functionality, and a non-custodial mobile wallet—creating an integrated DeFi stack rather than a single-purpose tool.[2][3]
Security Track Record: 1inch has maintained a solid safety record with no documented security lapses or hacking incidents to date.[6]
Gas Optimization: The platform enables users to burn Chi Gas tokens instead of ETH to complete transactions, optimizing blockchain storage and reducing transaction costs.[6]
1inch operates at the intersection of two powerful trends: the maturation of decentralized finance and the fragmentation of liquidity across multiple blockchain networks. As DeFi has grown, the problem of liquidity fragmentation has become acute—users must navigate dozens of exchanges with varying prices and fee structures. 1inch's aggregation model directly addresses this inefficiency.
The timing is particularly significant given the expansion of multi-chain ecosystems. Rather than liquidity consolidating on a single blockchain, it has dispersed across Ethereum, Solana, Arbitrum, and other networks. 1inch's evolution toward cross-chain swaps and bridge-free functionality positions it as infrastructure for this fragmented reality.[3] The platform influences the broader ecosystem by raising the bar for user experience in DeFi—traders increasingly expect seamless price discovery and execution across venues, a standard 1inch helped establish.
1inch has evolved from a hackathon prototype into a foundational DeFi infrastructure layer. Its trajectory suggests continued expansion into cross-chain interoperability and user experience simplification. The introduction of bridge-free swaps between Solana and EVM networks in 2025 signals a strategic focus on reducing friction in multi-chain trading.
The company's future will likely be shaped by regulatory clarity around DeFi, competition from other aggregators, and the continued fragmentation or consolidation of blockchain liquidity. As DeFi matures from a speculative frontier into institutional infrastructure, platforms like 1inch that prioritize capital efficiency and security will become increasingly central to how on-chain trading functions. The question ahead is whether 1inch can maintain its technical edge and user adoption as the competitive landscape intensifies.
