The liquidity aggregator from decentralized exchanges, 1inch, announced a partnership with analytics company Bitquery. ForkLog was informed of this by representatives of the DeFi project.
In collaboration with Bitquery, the 1inch team plans to add next-generation trading tools designed to expand the capabilities of DEXs. This will attract new users to the DeFi sector, the project representatives said.
The partnership with Bitquery will provide real-time market data from several DEXs and protocols to 1inch. This will enable the aggregator to improve the user experience and trading capabilities.
According to Bitquery researchers, in 2020 more than 1.5 million users of various DEXs conducted 31 million trades worth $100 billion.
In February 2021, the DeFi project’s team deployed the governance token on the Binance Smart Chain.
Earlier, 1inch additionally distributed the coin among users, timing the airdrop to the Lunar New Year.
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