1inch Network is a decentralized exchange aggregator that allows users to access multiple decentralized exchanges (DEXs) through a single platform. The platform uses an algorithm that finds the best prices across various DEXs and executes trades on behalf of users. This allows users to get the best possible prices for their trades without having to manually search through multiple DEXs. The platform also offers liquidity pools, which allow users to earn rewards by providing liquidity to the network. The 1inch Network token, 1INCH, is used to govern the platform and is used for staking, liquidity provision, and governance.

The 1inch Network was founded in 2019 by Sergej Kunz and Anton Bukov. The platform has quickly gained popularity due to its ability to provide users with the best possible prices for their trades. The platform has also been praised for its user-friendly interface and its ability to provide users with access to multiple DEXs through a single platform. The 1INCH token has also gained popularity, with its value increasing significantly since its launch. The platform has also received significant investment from various venture capital firms, including Binance Labs and Pantera Capital.