1inch token price nears a historical high

On Wednesday, October 27, the DeFi project’s 1inch token (1INCH) rose by more than 100% to about $7.7 on the Binance exchange.

The last time the price traded at these levels was in May 2021, when it briefly rose above $7.8.

Currently, 1INCH is trading near $6.7. Over the last 24 hours the token rose 94.9%, over seven days 118.3%, according to CoinGecko.

Meanwhile, assets in the top-10 by market capitalization are in the red. Over the last 24 hours Bitcoin fell 6.4%, dropping below $60,000. In the futures market, the largest liquidation volume in October was observed — positions worth more than $500 million were liquidated in an hour, over $800 million in 24 hours.

The biggest declines were for Dogecoin (-12.6%), Cardano (-9.7%) and XRP (-8.4%).

In August, the liquidity aggregator from decentralized exchanges launched the platform on the Optimistic Ethereum mainnet, and in September integrated the Layer 2 solution Arbitrum.

Earlier, 1inch began blocking access for American users based on IP addresses ahead of the launch of a new product.

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