1inch announces strategic partnership with Bitquery
1inch is partnering up with blockchain data provider Bitquery.io to collaborate on improving the DEX segment.
1inch is excited to announce a partnership with Bitquery.io, a blockchain data provider. Through this partnership, 1inch will bring next-generation trading tools to revolutionize the decentralized exchange market landscape.
Bitquery is one of the leading blockchain data providers with the APIs support of 30+ blockchains. Bitquery’s exclusive APIs cover multiple data verticals, such as blockchain compliance (Coinpath® APIs), decentralized finance (DeFi), decentralized exchanges (DEXes), on-chain intelligence and digital assets.
With this integration, Bitquery will provide a real-time trading data feed from multiple DEXes and protocols to 1inch. This will allow us to show complex DEX trade data and improve traders’ overall experience on the 1inch platform.
According to Bitquery data, the DEX market grew exponentially in 2020, with more than 1.5 mln traders executed 31 mln trades of various DEX protocols, totaling $100 bln in trading volume.
DEX market growth brings more traditional institutions into this space, creating demand for more efficient trading tools. With this partnership, 1inch will bring state of the art trading tools to the market, unleashing the true potential of trading via DEX aggregator.
“Decentralized exchanges together with DEX aggregators are undoubtedly forming the future of crypto trading right before our eyes,” says Sergej Kunz, co-founder of 1inch Network. “Thanks to this partnership with Bitquery, 1inch will bring more efficient trading tools that will help attract more users to the DeFi market.”
“Not all blockchain data providers are designed the same,” adds Dean Karakitsos, Bitquery CEO. “This partnership with 1inch gives to Bitquery a unique opportunity to enable efficient and data rich trading systems on DEXes.”
We at 1inch are always looking for new partnerships with cool projects. So, there will be more of those! Stay tuned!
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