- 1inch (1INCH) is a crypto that has experienced huge price growth.
- 1INCH hits new ATH after Liquidity Integration.
- The platform released a 1INCH wallet which provides a user-friendly entry to DeFi.
- These developments indicate that the token will reach new heights soon.
1inch (1INCH), a cryptocurrency has experienced a huge price growth. However, the price rise came after the announcement that from the rapidly rising MDEX DeFi the protocol had aggregated the liquidity. Moreover, the MDEX DeFi ecosystem operates on the Binance Smart Chain (BSC).
We are happy to announce that @1inchNetwork aggregated liquidity of #MDEX on #BSC #1inch: A distributed network for decentralized protocols enabling the most lucrative, fastest, and protected operations in #DeFi pic.twitter.com/Z3keYCxvcQ
— Mdex.com (@Mdextech) May 6, 2021
1INCH Recent Developments
Furthermore, this integration will help the 1INCH to expand its reach and solidify its position as the most highly utilised DeFi aggregator to date. More so, after the integration of MDEX liquidity, it is followed by the release of the 1INCH wallet which provides a user-friendly entry to DeFi.
— 1inch Network (@1inchNetwork) May 6, 2021
In addition to the wallet revealed, the team also announced that it will partner with WireX (WXT).
More so, WXT is a digital payment platform that helps to migrate 20% of the WXT token supply. However, from the Stellar (XLM) network to the Ethereum (ETH) network.
Evenmore, these developments helped 1INCH to reach a new record high at $7.55 on May 6. According to CoinMarketcap, the 1INCH price is $7.12 with a 24-hour trading volume of $284 million, at the time of writing.
Furthermore, the recent integration of the project to the Binance Smart Chain, the tokens own native wallet release, and the fact that it is one of the most used DEXs on the network of Ethereum are signals that the project leads the way for automated market-making and yield of DeFi opportunities in the crypto space. These developments indicate that the token will reach new heights soon.
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