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.

governance

github

twitter

discord

etherscan

website

DEX aggregators

1inch

# 1inch Treasury Methodology

## 1. Overview

The 1inch treasury metric measures the total USD value of all tokens held in 1inch's treasury wallet on Ethereum. This metric provides insight into the organization's financial reserves and asset holdings. The calculation tracks token balance changes over time through blockchain transfer events, applies cumulative balance tracking, and converts all holdings to USD using end-of-day price feeds.

## 2. Data sources

The calculation relies on several key data sources:
- **Blockchain events**: Parsed Ethereum `Transfer` events for ERC20 tokens to track token movements in and out of treasury addresses
- **Transaction data**: Ethereum transaction traces for additional context on complex transactions
- **External data**: End-of-day token price feeds for USD conversion across all tokens held in the treasury
- **Token metadata**: Token symbol, decimal precision, and contract information for proper balance calculations

## 3. Step-by-step calculation

### Component A: Treasury balance changes identification
- **Purpose**: Identifies all token balance changes for the 1inch treasury address
- **Logic**: The system filters Ethereum ERC20 `Transfer` events where the treasury address `0x7951c7ef839e26f63da87a42c9a87986507f1c07` appears as either sender or receiver. For inbound transfers (where treasury is receiver), the balance change is positive. For outbound transfers (where treasury is sender), the balance change is negative. Each transfer event is processed to calculate the net balance change per token per timestamp.
- **Key fields**: `account_address` (treasury wallet), `token_address`, `balance` (net change amount), `timestamp`, and `chain_id`

### Component B: Cumulative balance tracking
- **Purpose**: Maintains running balances for each token in the treasury over time
- **Logic**: The system applies a cumulative sum calculation using window functions to track the running balance for each token. This is partitioned by timestamp grain, chain, account address, and token address, ordered by timestamp. The cumulative calculation ensures that each day's balance reflects all historical transactions up to that point.
- **Key fields**: `balance` (cumulative running total), `timestamp`, `token_address`

### Component C: Time series completion
- **Purpose**: Ensures continuous daily data points for all tokens
- **Logic**: The system uses forward-filling to populate missing data points in the time series. If a token has no transactions on a particular day, the previous day's balance is carried forward. This ensures that the treasury metric has complete daily coverage without gaps.
- **Key fields**: All dimension fields maintained with forward-filled `balance` values

### Component D: USD conversion
- **Purpose**: Converts token balances to USD values using market prices
- **Logic**: Each token balance is joined with end-of-day price feeds based on matching timestamp, chain, and token address. The system multiplies the token balance by the corresponding USD price to get the dollar value. Only positive balances are included in the calculation, and only daily price granularity is used.
- **Key fields**: `amount` (USD value), calculated as `balance` × `price_usd`

### Final aggregation
- **Combining components**: All token USD values for the treasury address are summed together on each day to calculate the total treasury value
- **Currency conversion**: USD conversion occurs at the individual token level before aggregation, using end-of-day price feeds matched by timestamp, chain, and token address
- **Time aggregation**: Daily boundaries are maintained throughout the calculation, with forward-filling ensuring complete time series coverage
- **Final calculation**: The final treasury metric represents the sum of all token USD values held in the specified treasury address on each day, providing a comprehensive view of 1inch's treasury holdings over time

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

Total value of a project's onchain treasury, including its native token.

1inch1INCH

Treasury

Treasury

Competitive landscape

Chain breakdown