1inch Report by Jesse

Welcome to this week's coin review. Having not seen Bitcoin prices this low since last week. Nano, Maker, and Avalanche received a ton of love in the process of a much-needed Bitcoin correction this week. While the majority of this liquidity is still conducted on centralized exchanges, more of it is moving into the decentralized exchange economy by the day. While I’m certain you’ve already heard of, or used 1Inch Exchange. The recent shift from being a simple aggregator, to having an instant governance model overnight. Makes it time to take a closer look into what this means for the future of the exchange, and participants in its governance.

Introduction

1inch Exchange is a DEX (Decentralized Exchange) aggregator that sources liquidity from various exchanges in one place. Current smart contract technology empowers 1Inch Exchange's aggregator and enables users to optimize and customize their trades. For those not familiar with DEX aggregation. Instead of manually searching across multiple DEXs like Bancor, Curve, SushiSwap, and Uniswap individually. The 1Inch Exchange allows a user to search across all available DEXs at once in order to find the highest liquidity, lowest slippage, and best available price for their trade. Providing a valuable non-custodial tool for all users at every level of their trading experience. The benefits of using a DEX are both significant and limited in comparison to a CEX (Centralized Exchange). While DEXs have been unable to provide the large amount of liquidity and user base of a CEX, they benefit from being unhackable and offering limitless trading pairs against the DEXs native asset. Another unique property of this aggregation compared to a single decentralized exchange is that it’s capable of splitting a single trade across multiple DEXs. Allowing you