The 1inch Aggregation Protocol routes users' trades through the most efficient path for a token swap and aggregates multiple non-custodial exchanges.

The 1inch Network unites multiple decentralized protocols built on Ethereum and other blockchains. This dashboard tracks the 1inch Aggregation Protocol, which is a non-custodial DEX aggregator. 1inch was founded by Sergej Kunz & Anton Bukov and launched in 2019.

The 1inch Network is governed by 1inch DAO – a decentralized autonomous organization. Voting on the DAO is performed through the 1INCH token, a governance token, that was initially distributed to the community of 1inch Network users in late 2020. They currently do not take a cut of the total trading fees paid by traders (revenue). 1inch's investors include ParaFi Capital, FTX Exchange, Pantera Capital, etc.

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1inch

# 1inch Revenue Methodology

## 1. Overview

The 1inch revenue metric measures the total revenue generated by the 1inch DEX aggregator protocol. Since 1inch collects all fees generated from its aggregation services, revenue is calculated as the sum of all fee collections flowing into 1inch treasury addresses. The metric tracks both ERC-20 token transfers and native ETH transfers to two designated treasury addresses on Ethereum, converts amounts to USD, and aggregates them daily.

## 2. Data sources

- **Ethereum token transfer events**: Parsed `Transfer` events for ERC-20 tokens flowing to 1inch treasury addresses
- **Ethereum transaction traces**: Native ETH transfers to 1inch treasury addresses tracked through transaction traces  
- **End-of-day price feeds**: Token price data for USD conversion of collected fees
- **Token metadata**: Token decimal information for proper amount normalization

## 3. Step-by-step calculation

### Component A: Fee collection identification
- **Purpose**: Identify all token and ETH inflows to 1inch treasury addresses that represent fee collections
- **Logic**: Track transfers to two specific 1inch treasury addresses: `0xdd9f24efc84d93deef3c8745c837ab63e80abd27` (treasury 1) and `0x7951c7ef839e26f63da87a42c9a87986507f1c07` (treasury 2). For treasury 1, collect all token transfers from March 10, 2021 to November 14, 2021, and all native ETH transfers from March 10, 2021 onward. For treasury 2, collect allowlisted token transfers from October 11, 2021 onward. Apply data quality filters by excluding transfers from Binance address, denylisted tokens, and specific denylisted transactions. Classify all collections as DEX aggregator business line with exchanges market sector.
- **Key fields**: `block_timestamp` for timing, `from_address` for fee payer identification, `token_address` for asset type, `amount` for fee quantity, and business classification metadata

### Component B: USD conversion and aggregation  
- **Purpose**: Convert collected token amounts to USD values and aggregate by day
- **Logic**: Apply decimal corrections based on token metadata to normalize raw token amounts. Convert corrected amounts to USD using end-of-day price feeds matched by date and token. Aggregate converted amounts by day, chain, and business classification fields to create daily fee totals.
- **Key fields**: `timestamp` set to daily granularity, `chain_id` for Ethereum, `fees` containing USD-converted amounts, and classification metadata

### Final aggregation
- **Combining components**: Revenue equals total fees since 1inch collects all fees from their DEX aggregator service
- **Currency conversion**: All token amounts converted to USD using end-of-day price feeds with proper decimal correction applied
- **Time aggregation**: Daily boundary aggregation with gap-filling logic applied to ensure complete time series
- **Final calculation**: Sum all daily fee collections across both treasury addresses to produce total daily revenue in USD, with schema validation and chain availability filtering applied

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

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