Base Layer Episode 164: Anton Bukov, Co-Founder of 1inch on what DEX aggregation is and it's importance in DeFi's explosion
Anton joins me for a great episode of Base Layer as we learn all about 1inch after news of the $2.8M investment round closure with some significant investors in Digital Assets. For those unfamiliar, DEX's are Decentralized Exchanges vs what we call CEX's (Centralized: Coinbase, Kraken, etc). 1inch has recently surpassed the landmark figure of one billion USD! Real-time stats are available here: http://duneanalytics.com/1inch. We talk about how the team met and colloborated at hackathon's and put together the code for 1inch in ~48 hours (unreal!) 1inch is now a leading decentralized exchange aggregator that sources liquidity from various exchanges. Using smart contract technology to split a single trade transaction across multiple DEXs, they enable users to optimize and customize trades.