1inchCointelegraph.comInterviewSergej Kunz

Uniswap are friends but they fear 1inch, says DEX aggregator co-founder

1inch’s co-founder speaks on friendly Uniswap rivalry, the DeFi Pulse debacle and Ethereum being both the paint point and savior of DeFi.
It really doesn’t seem like the decentralized finance sector is planning to slow down its development in 2020. Interest in the sector is still growing despite high Ethereum transaction fees, and the total value locked in the space continues to break all-time highs, recently reaching $51 billion.1inch is a decentralized exchange, or DEX, aggregator that came onto the DeFi scene in the later part of 2020. The platform’s algorithm searches for the cheapest exchange rates among the DEXes that are integrated into its ecosystem. 1inch also runs the Mooniswap automated market maker.According to data, January was the biggest month ever for DEXes, and 1inch played a role in achieving that milestone. It currently stands second in terms of the number of traders, behind Uniswap.To ascertain how 1inch packs such a punch, Cointelegraph spoke with Sergej Kunz, co-founder of the platform. The interview is available on Cointelegraph’s YouTube channel.How did it all begin?Cointelegraph: How exactly did you get into crypto, and at what point did you realize that the industry needs a DEX aggregator such as 1inch?Sergej Kunz: Back to the roots where we started, the initial idea was actually from [1inch co-founder] Anton, who suggested to build it at a hackathon in 2019 — to build one place to list all the different exchanges, and then you can just select one where you …
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