1inch Network is one of the markets most extensive DeFi protocols by total value locked (TVL) and runs on several leading blockchain networks. Its native token, 1INCH, is an excellent investment to consider, especially if you are keen to invest in the DeFi sector of the industry.

The 1inch Network price and relative market cap could register an uptrend powered by rising on-chain activity across its ecosystem. As more users sign on to use the various 1inch protocols, we could see the 1INCH to USD price gain and become a more valuable asset in the market.

In addition, the 1INCH price statistics could also be boosted as the platform announces integrations with more DEXs and supports more blockchains. This could further drive up the use of the 1inch ecosystem, powering an uptick in the value of 1inch Network.

The 1INCH token is the native cryptocurrency of the 1inch Network. Here are some of its key use cases:

Utility Token

It is mainly used within the 1inch Liquidity Protocol as a connector token. Its purpose is to offer the most efficient swapping routes when exchanging tokens that do not have direct liquidity pairs on other DEXs.

Governance Token

1INCH is the native crypto asset used for governance across all protocols that make up the 1inch Network. Token holders enjoy voting rights on proposals and can even submit proposals to guide the future evolution of the DeFi project.

Crypto Asset to Trade and HODL

You can trade 1inch Network or invest in it long-term via supported exchanges and platforms. Buy or sell 1INCH against other cryptocurrencies or HODL if you believe in the future potential of 1inch Network. Check the latest 1inch Network price, INCH market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade 1INCH.

1inch Earn

The 1inch Earn service enables users to stake $1INCH for attractive APYs via its liquidity mining programs. As liquidity providers, you can contribute your tokens to staking pools to earn rewards over a fixed duration.

Earn Passive Income on BYDFi

You can invest in 1INCH tokens as a way to generate passive income and grow your crypto portfolio in a risk-free and convenient manner. Head to BYDFi Crypto Lending to lend liquidity for 1INCH on our platform. Choose from seven days, 14 days, or 28 days, and earn an attractive daily interest rate by putting your tokens to work.

1inch Networks offerings enable users to find the cheapest fees for performing token swaps and exchanges. Its protocols use smart contracts to scour through the list of supported blockchains and DEXs to find the platforms offering the best rates for each swap a user wishes to perform.

In return for directing users to the most cost-effective swaps and trades on various DEXs, 1inch earns revenue via affiliates from the DEXs. These revenues are generated from a portion of the trading fees the DEXs earn through 1inchs referral of its users to their respective platforms.

MetaMask is one of the most popular DeFi and Web3 wallets used by crypto investors, and the 1inch dApp supports it. Heres how you can connect your MetaMask wallet to 1inch Network dApp:

1. Create an account on MetaMask and set up your wallet if you are a new user. Add funds to your wallet by buying crypto on BYDFi or other supported platforms and withdrawing the tokens to your MetaMask wallet.

2. Visit the 1inch dApp page and click on Connect Wallet on the top right.

3. Select the network your MetaMask wallet is set to (the default is Ethereum Mainnet) and click on MetaMask from the list of options.

4. Verify the information and click on connect to proceed. Once connected successfully, your MetaMask wallet details will appear on the top right section of the 1inch dApp page.

There are many platforms where you can stake 1INCH, but the most convenient and lucrative option is on the 1inch Network itself. Heres how you can stake 1INCH tokens and participate in the governance of the ecosystem:

1. Open the 1inch Network dApp and connect your wallet. Ensure that your wallet has sufficient funds in $1INCH crypto for staking by buying the token from BYDFi or other sources and transferring them to your account.

2. Click on the DAO tab and select the Staking option.

3. Select the number of $1INCH tokens you wish to stake and review your voting balance, voting power, and transaction cost.

4. After verifying all details, click the Stake Token button to confirm your transaction.

5. After staking 1INCH via this option, you can enjoy voting rights and participate in the governance of the 1inch DAO. You can also enjoy up to 95% refunds on your gas fees for using the 1inch platform for swapping tokens after you stake $1INCH.

You can also earn attractive rewards by staking 1INCH via the 1inch Earn feature. This option lets you act as a liquidity provider (LP) for available staking pools in exchange for attractive APRs.