Here’s how 1inch made decentralized finance (DeFi) simpler and safer this year—through long-awaited products and upgrades that truly elevated user experience.
Game-Changing Releases That Transformed Web3
One of the most exciting releases this year was the launch of 1inch cross-chain swaps. This highly anticipated feature allows users to swap seamlessly across Layer 1 and Layer 2 networks without bridges, gas fees, or complications—all in just two clicks. Secure, fully self-custodial cross-chain swaps are available both in the 1inch Wallet and the 1inch dApp, with over $49 million in total volume already processed.
This milestone was made possible by Fusion+, an upgrade to the flagship product, the 1inch Swap. Released earlier in the year, Fusion+ introduces groundbreaking technology that lays the foundation for seamless cross-chain transactions.
The 1inch Card was another 2024 highlight: a crypto debit card launched in partnership with Mastercard. The card doesn’t just make spending crypto easier—it also lets users borrow against their crypto at 0% APR through features like Cryptodraft and Stable Loan, potentially unlocking greater financial flexibility. Plus, users can earn up to 2% back in crypto on every purchase.
Innovations to Elevate Your DeFi Journey
Strengthening Security
1inch continues to lead in Web3 security and anti-crime measures, utilizing advanced technology and collaborating with various security partners. Their 24/7 screenings leverage both on-chain and off-chain data to detect potential risks, while the blocklist program safeguards legitimate users. This year, they also released a comprehensive security whitepaper, reaffirming their commitment to transparency and safety.
Enhancing the 1inch Wallet Experience
The 1inch Wallet exemplifies this focus on safety, introducing the Scam Protection feature, which analyzes every interaction to flag malicious tokens, transactions, addresses, and dApps. Key flows—including Send, Swap, Receive, Activity, Token Details, and Token Management—have been upgraded to deliver a smoother, faster, and more convenient overall experience. The 1inch Wallet is now officially WalletConnect-certified, a mark of excellence in user experience, security, and quality.
Empowering Web3 Developers
For developers, new tools have been introduced in the 1inch Developer Portal to simplify blockchain development. The Web3 RPC API enables efficient blockchain interactions without the need to operate a node, while the Fusion+ API powers secure and seamless cross-chain swaps across networks.
User experience has also been enhanced with monthly top-up plans, the ability to assign extra users to paid plans, and seamless subscription upgrades.
This year, the Developer portal supported over 33 billion API calls and onboarded more than 150 partners. With 15 APIs available, the portal equips developers with the tools needed to power a wide range of Web3 solutions, from high-performance swaps to enhanced security features.
Unveiling Smarter Portfolio Tools
The Explore feature was added to the 1inch Portfolio, helping users discover new investment opportunities across leading DeFi protocols and tokens. Whether tailored to individual token holdings or general market trends, the Explore feature simplifies decision-making.
Also new, Wallet Bundles make it easy to track performance across a chosen group of wallets and blockchains—all from a single dashboard.
This year, the 1inch Portfolio expanded its capabilities with support for Optimism, Arbitrum, Base, Gnosis, ZKSync, and Avalanche, as well as integrations with protocols like Rocket Pool, PancakeSwap V3, EigenLayer, and more.
Users can also review their yearly performance—the 1inch Portfolio generates personalized 2024 highlights, offering a detailed summary of assets and activity. These highlights are conveniently accessible in the 1inch Wallet, making it easy to review portfolio performance.
Collaborations to Drive Mass Adoption
This year, 1inch x Bruce Lee was one of the biggest highlights, uniting the spirit of Bruce Lee with DeFi to bring crypto to the mainstream. This partnership introduced a powerful message: with 1inch, people take crypto seriously!
They also continued their partnership with major MMA promoter OKTAGON MMA, supporting 10 tournaments throughout the year and strengthening the bond between Web3 and sports audiences.
Partnerships with other top-tier companies helped enhance the ecosystem and expand DeFi accessibility worldwide.
Growth in Global Presence
1inch made waves on the world stage by participating in 37 events, supporting 13 more, and hosting 6 legendary parties. Major announcements were revealed at flagship events such as Hong Kong FinTech Week and Token 2049 Singapore.
A standout moment was their presence at the World Economic Forum Annual Meeting in Davos, where they organized an exclusive meetup for thought leaders and innovators. Throughout the year, co-founders delivered impactful keynotes and presentations on DeFi insights, cross-chain swaps, scalability, and more at top global events, shaping the conversation around the future of decentralized finance.
So 2024 was packed with achievements—all making DeFi easier, safer, and more rewarding for users. This year also marked 1inch’s fifth birthday, celebrating its evolution from a hackathon project into a thriving ecosystem reshaping DeFi. From pioneering the first DEX aggregator to launching Fusion+ tech and cross-chain swaps, 1inch has addressed major gaps in the space. They remain focused on expanding crypto adoption and simplifying access for everyone.
As we look ahead, stay tuned—there’s so much more to come.
Frequently Asked Questions
What are cross-chain swaps?
Cross-chain swaps allow users to exchange tokens across different blockchain networks without using bridges or paying gas fees. This feature enhances interoperability and simplifies the user experience in decentralized finance.
How does the 1inch Wallet enhance security?
The 1inch Wallet includes a Scam Protection feature that analyzes every interaction for malicious activity. It also supports WalletConnect certification, ensuring high standards in security and user experience.
What is Fusion+ technology?
Fusion+ is an upgrade to the 1inch Swap engine that enables secure, seamless, and self-custodial cross-chain transactions. It serves as the foundation for advanced swapping capabilities across multiple networks.
Can I use the 1inch Card for everyday purchases?
Yes, the 1inch Card functions as a crypto debit card, allowing users to spend cryptocurrency easily. It also offers benefits like 0% APR borrowing and cashback rewards on purchases.
How does the 1inch Portfolio help with investments?
The Portfolio tool includes features like Explore and Wallet Bundles, which help users discover new opportunities and track performance across multiple wallets and blockchains from a single dashboard.
What developer tools does 1inch offer?
The 1inch Developer Portal provides APIs like Web3 RPC and Fusion+, enabling developers to build efficient dApps and implement cross-chain functionalities without needing to operate their own nodes. 👉 Explore advanced developer tools