The post 1inch Hits $500B in Volume on Ethereum — Milestone Unlocked appeared on BitcoinEthereumNews.com. Key Notes 1inch Network announced it had surpassed $500 billion in all-time trading volume on the Ethereum network since its launch in 2019. The milestone figure differs from other platforms, with DeFiLlama showing ~$235B in total volume while some Dune dashboards report over $716B. The milestone comes as 1inch faces increased competition from rivals like CoW Swap and questions about the value accrual of its token. DeFi protocol 1inch Network, a decentralized exchange (DEX) aggregator, announced it passed a major volume milestone, routing $500 billion in trades on the Ethereum network since its inception in 2019. The team shared the update on X on October 8. $500B routed via 1inch on Ethereum. A major milestone — and only halfway to $1T. We move forward as 1” pic.twitter.com/oKhCFVMAnV — 1inch (@1inch) October 8, 2025 The announcement adds to a complex picture of the protocol’s total activity. On July 15, the project announced it had surpassed $700 billion in total swap volume across all chains. These self-reported figures contrast with various third-party analytics platforms. Data from DeFiLlama, for instance, shows a cumulative volume of approximately $235 billion across all blockchains. Meanwhile, a dashboard on Dune Analytics reports a total trade amount of over $716 billion. The differences are likely due to varying data aggregation start dates and methodologies. Coinspeaker has contacted the 1inch team for clarification but has not yet received a response. Competition and Economic Headwinds Image source: DUNE Analytics The milestone arrives as 1inch continues to lead the DEX aggregator space in total volume, navigating an increasingly competitive market. While 1inch is the established leader, other protocols are gaining traction. For instance, reports from January 2025 showed that CoW Swap captured over 26% of the market share on Ethereum. As new models, such as the rise of dark pools on… The post 1inch Hits $500B in Volume on Ethereum — Milestone Unlocked appeared on BitcoinEthereumNews.com. Key Notes 1inch Network announced it had surpassed $500 billion in all-time trading volume on the Ethereum network since its launch in 2019. The milestone figure differs from other platforms, with DeFiLlama showing ~$235B in total volume while some Dune dashboards report over $716B. The milestone comes as 1inch faces increased competition from rivals like CoW Swap and questions about the value accrual of its token. DeFi protocol 1inch Network, a decentralized exchange (DEX) aggregator, announced it passed a major volume milestone, routing $500 billion in trades on the Ethereum network since its inception in 2019. The team shared the update on X on October 8. $500B routed via 1inch on Ethereum. A major milestone — and only halfway to $1T. We move forward as 1” pic.twitter.com/oKhCFVMAnV — 1inch (@1inch) October 8, 2025 The announcement adds to a complex picture of the protocol’s total activity. On July 15, the project announced it had surpassed $700 billion in total swap volume across all chains. These self-reported figures contrast with various third-party analytics platforms. Data from DeFiLlama, for instance, shows a cumulative volume of approximately $235 billion across all blockchains. Meanwhile, a dashboard on Dune Analytics reports a total trade amount of over $716 billion. The differences are likely due to varying data aggregation start dates and methodologies. Coinspeaker has contacted the 1inch team for clarification but has not yet received a response. Competition and Economic Headwinds Image source: DUNE Analytics The milestone arrives as 1inch continues to lead the DEX aggregator space in total volume, navigating an increasingly competitive market. While 1inch is the established leader, other protocols are gaining traction. For instance, reports from January 2025 showed that CoW Swap captured over 26% of the market share on Ethereum. As new models, such as the rise of dark pools on…

1inch Hits $500B in Volume on Ethereum — Milestone Unlocked

2025/10/08 22:19

Key Notes

  • 1inch Network announced it had surpassed $500 billion in all-time trading volume on the Ethereum network since its launch in 2019.
  • The milestone figure differs from other platforms, with DeFiLlama showing ~$235B in total volume while some Dune dashboards report over $716B.
  • The milestone comes as 1inch faces increased competition from rivals like CoW Swap and questions about the value accrual of its token.

DeFi protocol 1inch Network, a decentralized exchange (DEX) aggregator, announced it passed a major volume milestone, routing $500 billion in trades on the Ethereum network since its inception in 2019. The team shared the update on X on October 8.

The announcement adds to a complex picture of the protocol’s total activity. On July 15, the project announced it had surpassed $700 billion in total swap volume across all chains. These self-reported figures contrast with various third-party analytics platforms. Data from DeFiLlama, for instance, shows a cumulative volume of approximately $235 billion across all blockchains.

Meanwhile, a dashboard on Dune Analytics reports a total trade amount of over $716 billion. The differences are likely due to varying data aggregation start dates and methodologies. Coinspeaker has contacted the 1inch team for clarification but has not yet received a response.

Competition and Economic Headwinds

Image source: DUNE Analytics

The milestone arrives as 1inch continues to lead the DEX aggregator space in total volume, navigating an increasingly competitive market. While 1inch is the established leader, other protocols are gaining traction. For instance, reports from January 2025 showed that CoW Swap captured over 26% of the market share on Ethereum. As new models, such as the rise of dark pools on Solana, show, competition remains fierce across the DeFi landscape.

Beyond market competition, the protocol faces economic questions regarding its native token and governance structure. While the 1INCH

1INCH
$0.26



24h volatility:
3.6%


Market cap:
$360.17 M



Vol. 24h:
$21.00 M

token has a value capture mechanism, it is indirect and has been a point of frustration for many holders.

According to the protocol’s documentation, users must lock their tokens to receive “Unicorn Power,” which can then be delegated to resolvers who share arbitrage profits. The core complaint from the community is the disconnection between this system and the protocol’s actual trading fees. Rewards are dependent on the success of third-party resolvers, not the platform’s trading volume, disconnecting the token’s value from the protocol’s success.

These concerns are not new for the project. In fact, discussions within the governance forums as far back as 2022 show debates over using the DAO’s treasury to directly reward stakers. Those proposals faced pushback from community members who argued the DAO first needed a self-sustaining revenue model to avoid depleting its funds.

These long-standing concerns are mirrored in the 1inch DAO’s current state, which has a treasury of around $10.9 million. With funding from 1inch Labs reportedly discontinued two years ago, the issue of its long-term viability remains unresolved. The protocol also experienced a security setback in March 2025, when an exploit resulted in a $5 million loss.

next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

1inch News, Cryptocurrency News, News


As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.

Zoran Spirkovski on X


Source: https://www.coinspeaker.com/1inch-500b-volume-ethereum/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

The End of Fragmentation: Towards a Coherent Ethereum

The End of Fragmentation: Towards a Coherent Ethereum

Author: Prince Compiled by: Block unicorn Ethereum's initial vision was a permissionless, infinitely open platform where anyone with an idea could participate. Its principle is simple: a world computer sharing a single global state view. Ethereum's value lies in the fact that anyone can build useful applications, and that all applications are interconnected. As Ethereum evolves, its scaling roadmap brings both new opportunities and challenges. New closed ecosystems are beginning to emerge. Entrepreneurs seek higher performance or practical ways to make their products stand out. For some developers, the simplest way to achieve this is to create their own blockchain ecosystem. This ecosystem expands in almost every possible direction: new blockchains are launched (horizontal growth), and aggregations are introduced to expand the underlying layers (vertical growth). Other teams choose to build their own dedicated execution and consensus layers (application-specific blockchains) to meet the needs of their projects. Each expansion, viewed individually, is a reasonable decision. But from a broader perspective, this continuous expansion is beginning to undermine the belief that Ethereum will one day become the "world computer." Today, the same assets exist on multiple platforms and in multiple forms. The same exchanges or lending markets appear on every chain. The permissionless nature remains, but the coordination mechanisms are beginning to disappear. As state, assets, liquidity, and applications become increasingly fragmented, what was once an infinite garden is starting to resemble a complex maze. The real cost of fragmentation Fragmentation has not only created technical obstacles, but it has also changed how developers feel when choosing to build applications. The products delivered by each team initially functioned as expected. However, with increasing fragmentation, these teams were forced to migrate identical applications to other chains in order to retain existing users. Each new deployment seemed like progress, but for most developers, it felt like starting from scratch. Liquidity gradually eroded, and users left with it. Ethereum continues to grow and thrive, but it has gradually lost its community cohesion. Although the ecosystem remains active and continues to grow, individual interests have begun to take precedence over coordination and connection. This boundless garden is beginning to show signs of overgrowth and neglect. No one did anything wrong. Everyone followed the incentive mechanism. Over time, all that remained was exhaustion. Abundance was brought without permission, yet within this abundance, the very foundation that once held everything together began to crumble. Return of coherence MegaETH represents Ethereum's first real opportunity to scale block space supply to meet demand within a single execution environment. Currently, the L2 block space market is congested. Most projects are vying for the same user base, offering largely similar block space. Throughput bottlenecks persist, and high activity on individual sequencers artificially inflates transaction costs. Despite significant technological advancements, only a handful of scaling solutions have truly improved the user and developer experience. MegaETH aims to change that. It is one of the closest attempts to realizing Ethereum's original vision—building a world computer. By providing an execution environment with latency below 10 milliseconds, gigabit gas caps, and ultra-low-cost transactions, the MegaETH team is striving to achieve the vision of a world computer. All data is processed on a single shared state (ignoring privacy concerns for now), and real-time execution should be a guiding light for our industry and the only way we can truly compete with Web 2.0. As a founder building on MegaETH, what impressed me most wasn't the speed or millisecond-level latency, but rather that after many years, all applications built on Ethereum can finally connect and stay in sync, and at a low cost with short wait times. When all contracts and transactions reside in the same state machine, complex coordination mechanisms become simple again. Developers no longer need to struggle with latency or spend time optimizing contracts to improve gas efficiency; users no longer need to worry about which "version" of network they are transacting on. This is what MegaETH means by "Big Sequencer Energy": Ethereum possesses a high-performance execution layer built specifically for real-time applications. For the first time in years, users can build applications within the Ethereum execution environment without worrying about their location. All users can once again share the same execution environment, enabling latency-sensitive applications such as high-frequency trading, on-chain order books, real-time lending, and fully on-chain multiplayer games—features currently impossible due to Ethereum's resource limitations. Enter: MegaMafia In the context of MegaETH, those who experienced fragmentation are beginning to rebuild. We all know what we lost when everything fell apart. Now, the system is finally able to stay in sync, and it feels like moving forward rather than sideways. Each team works on a different level: transactions, credit, infrastructure, gaming, and more. But their goal is the same: to make Ethereum a unified whole again. MegaETH provides that opportunity, and MegaMafia has given it shape. The focus now is no longer on deploying more of the same applications, but on rebuilding the infrastructure so that the parts that are already working well can finally work together. Avon's role in world computing Avon brought the same concept to the credit market. Of all DeFi categories, lending is most severely affected by fragmentation. Each protocol operates on different versions of the same concept. Each market has its own liquidity, rules, and risks. Anyone who's used these markets knows the feeling. You check interest rates on one app, then compare them on another, and still don't know which is more reliable. Liquidity stagnates because it can't flow between different protocols. Avon introduces a coordination layer instead of deploying another pool of funds. Its order book connects different strategies (independent markets), enabling them to respond to each other in real time. You can think of it as many pools of funds connected through a shared layer (i.e., the order book). When one changes, the others are aware of it. Over time, the lending market will once again function as a single, interconnected market. Liquidity will flow to where the most competitive conditions are available. Borrowers will obtain the most competitive interest rates possible. Coordination is not just about optimizing interest rates or controlling them. More importantly, it's about providing a unified perspective on lending during market fluctuations. Towards a coherent Ethereum Ethereum doesn't need another chain. It needs a central hub where people gather and maintain Ethereum. MegaETH provides the trading venue. MegaMafia will provide the trading power. Avon will provide the coordination layer, enabling funds to flow within the system. Ethereum has faced fragmentation issues for the past few years; we believe MegaETH will drive Ethereum toward realizing its vision of becoming a world computer and reaching an unprecedented scale. As Ethereum begins to regain its rhythm, MegaETH will ensure that builders can do this at a near-infinite scale.
Share
PANews2025/10/31 14:00