1inch跑了8000亿美元交易量，至今却仍未盈利

1inch co-founder Sergej Kunz said that since its founding in 2019, the decentralized exchange aggregator has processed a cumulative token swap volume of around $809 billion, though the company has yet to turn a profit. Kunz noted that the current DeFi market size remains insufficient to support platforms generating large-scale revenue by capturing value, so rather than chasing short-term profits, the firm will focus on continuing to build its infrastructure. Kunz revealed that 1inch is addressing the problem of DeFi liquidity fragmentation via its newly launched shared liquidity protocol Aqua. A study commissioned by 1inch from Dune shows that in the first half of 2026, roughly 85% of concentrated liquidity on major decentralized exchanges was underutilized. Of the $1.84 billion in liquidity tracked, approximately $1.6 billion was not fully utilized, leading to an estimated $150 million in annual trading fees going uncaptured. Aqua allows liquidity providers to avoid depositing assets into liquidity pools, instead supporting multiple trading pairs via their wallet balances, with trade settlements handled by compliance-audited market makers. On its launch day, the protocol saw around $25 million in capital deployed, with incentives including 10 million 1INCH tokens and 500,000 USDC. To date, 1inch has partnered with major platforms including Coinbase, while Robinhood has also named it a partner of Robinhood Chain. Kunz stated that 1inch prioritizes building infrastructure first, and will pursue commercialization opportunities after traditional finance and larger-scale capital enter the space.