1INCH’s price suffers despite network growth, here’s why

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1INCH’s price suffers despite network growth, here’s why
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1Inch network has made significant strides in the last quarter as it saw an uptick in its quarterly revenue. And, amassed a growth in the total transactions processed on the network in Q2 2022, as per a report by Messari (provider of crypto market intelligence products). According to the network’s co-founder, Sergej Kunz, 1inch is a […]

1Inch network, with $47 billion, recorded an 8% growth in its total network volume in the last quarter. In Q1, its total network volume stood at $44 billion.

According to Messari, the 1Inch network processed 4.2 million transactions in the last quarter across its four largest chains, with the Polygon chain in the lead. With 46% of the total unique users coming from Polygon, it took the lead from the BNB chain as the leading chain with the most 1inch users.

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