What is 1inch Network?
1inch is a network for decentralized protocols on Ethereum, BSC (Binance Smart Chain) and Polygon. According to the creators, the 1inch network provides "the most profitable, fastest and safest transactions" in the entire decentralized financial system (DeFi). In other words: 1Inch is a DEX aggregator that compares prices of all decentralized crypto exchanges, and then automatically chooses the cheapest exchange platform. Thus, giving its users the opportunity to save on fees and get more coins for their money.
In most cases, crypto investors have to study all exchanges before finding the best price on them. Thanks to so-called DEX aggregators like 1Inch, this is a thing of the past.