Sergej Kunz: 1 inch cumulative trading volume reaches $809 billion but has not yet made a profit

Sergej Kunz, co-founder of 1inch, stated that since its establishment in 2019, 1inch has processed a cumulative transaction volume of $809 billion and has yet to achieve profitability. 1inch is addressing liquidity fragmentation issues through the Aqua protocol, which allows liquidity providers to support multiple trading pairs without the need to deposit into a liquidity pool. Dune's research shows that approximately $1.6 billion of the $1.84 billion in liquidity is underutilized, and approximately $150 million in annual fee income is not captured. On the first day of Aqua's launch, $25 million was invested, along with 10 million 1INCH and 500000 USDC as incentives. 1inch has partnered with platforms such as Coinbase, and Robinhood has listed it as a Robinhood Chain partner.