According to Huoxing Finance, on September 10, 1inch co-founder Sergej Kunz stated that since its founding in 2019, 1inch has processed a cumulative trading volume of approximately $809 billion in token swaps, yet the company has yet to achieve profitability. Kunz believes the current DeFi market size is still insufficient to support large-scale revenue generation through value extraction; instead of pursuing short-term profits, the company should continue building infrastructure. Kunz revealed that 1inch is addressing DeFi liquidity fragmentation through its newly launched shared liquidity protocol, Aqua. A study commissioned by 1inch and conducted by Dune shows that, in the first half of 2026, approximately 85% of concentrated liquidity across major decentralized exchanges was underutilized—out of $1.84 billion in tracked liquidity, about $1.6 billion remained underused, resulting in an estimated $150 million in missed fee revenue annually. Aqua enables liquidity providers to support multiple trading pairs simultaneously using their wallet balances without depositing assets into liquidity pools, with trade settlement handled by compliance-vetted market makers. On its launch day, approximately $25 million in capital was deployed, accompanied by incentives of 10 million 1INCH tokens and 500,000 USDC. Currently, 1inch has partnered with major platforms such as Coinbase, and Robinhood has listed it as a partner on Robinhood Chain. Kunz stated that 1inch prefers to first build infrastructure and seek commercialization opportunities once traditional finance and larger capital flows enter the space.
1inch has processed $80.9 billion in trading volume since 2019, yet remains unprofitable.
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Summary
On September 10, 1inch co-founder Sergej Kunz said the platform has processed $80.9 billion in trading volume since 2019 but remains unprofitable. Kunz noted that the DeFi market is still too small to achieve profitability through fees, so the company is focusing on infrastructure. To enhance liquidity, 1inch launched Aqua, a shared liquidity protocol providing $25 million in capital and 10 million 1INCH tokens. The platform partners with Coinbase and is a Robinhood Chain partner.
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