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1inch Network User Base Surges by 36% in Q2, Onboarding Millions

The DEX aggregator 1inch Network experienced significant growth in Q2 2023, with just under 5 million unique users. A report by Messari highlights that the platform's user base grew by 38% from the previous quarter.

1inch Network was one of the best performers in DeFi in Q2 2023, with the total number of users jumping from 3.56 million in Q1 to 4.94 million in Q2.

The platform also saw an increase in staked 1INCH tokens and a decline in Ethereum's volume dominance, potentially indicating a migration to more cost-effective networks.

Ethereum Ethereum $3,830.06
+4.94%
DeFi
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