What is 1inch Network (1INCH) and How Does it Work?

1inch is a decentralized exchange (DEX) aggregator that allows users to trade cryptocurrencies on multiple DEXs from a single platform. 1inch uses a "smart order routing" system to find the best trade prices across multiple DEXs. It then executes the trade on the most favorable exchange. This allows users to get the best possible price for their trades and can also help to reduce slippage (the difference between the expected price of a trade and the actual price at which it…