- Oct 25, 2021
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1inch Raises $175 Million From Strategic Investors
Over the last year, decentralized finance (defi) has propelled itself into the spotlight as a great number of dex platforms now provide users with the ability to trade and provide liquidity in a decentralized fashion.
The announcement sent to Bitcoin.com News explains that 1inch has raised $175 million in a Series B led by
The next $1 [trillion] of assets entering defi will come from institutions rather than retail users, and 1inch would like to facilitate entry for them,” he adds. “We have already started work in that direction by attracting some key players from the traditional finance markets, and this collaboration will only accelerate over the next few years.
1inch Ethereum Volume Surpasses $100 Billion, ‘Next Phase of Defi Will Be Seamless Access to Different Protocols and Chains’
To date, 1inch Network has surpassed roughly $100 billion in overall volume on the Ethereum network according to Dune Analytics
“A key part of the next phase of defi will be providing investors with seamless access to liquidity across different protocols and chains,” Amber Group’s
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