1inch Reports Cumulative Swap Volume Exceeding $814 Billion Amid Profitability Challenges

1inch, a decentralized exchange aggregator, has facilitated more than $814 billion in cumulative swap volume. Despite this activity, co-founder Sergej Kunz stated that the protocol has not turned a profit, citing the current size of the decentralized finance market as insufficient to generate sustainable revenue.

Data from Dune Analytics indicates that 1inch processed $214 billion in trades during 2025, marking a 39% year-over-year increase across approximately 114 million transactions. The protocol faces a challenge in balancing competitive fee structures with the need for revenue, as higher fees could incentivize users to bypass the aggregator and trade directly on underlying exchanges.

The protocol originated from a May 2019 hackathon in New York, founded by Sergej Kunz and Anton Bukov. It has since expanded from its Ethereum-only roots to support more than 13 blockchains. Technological developments include Fusion, which utilizes intent-based execution, and Fusion+, which facilitates cross-chain swaps. Additionally, a partnership with Ondo Finance for tokenized real-world asset trading generated over $3 billion in cumulative volume by March 2026.

Future developments include the launch of the Aqua protocol, which is designed to address liquidity fragmentation through shared liquidity pools. The 1INCH token currently trades between $0.07 and $0.09, with a market capitalization between $100 million and $130 million.