1inch Exchange is a decentralized exchange aggregator that helps users find the best prices for token swaps across various decentralized exchanges. By analyzing multiple platforms, it ensures that users get the most favorable rates, minimizing slippage and maximizing returns on their trades.The platform operates using smart contracts, automatically splitting a user’s trade across different exchanges to achieve the best possible outcome. This means if a user wants to swap one token for another, 1inch checks multiple liquidity sources and routes the order accordingly.In addition to its aggregation services, 1inch also features its own liquidity pools, allowing users to contribute and earn rewards. The 1INCH token, a native utility token, is used for governance and can also provide fee discounts on trades.Overall, 1inch Exchange aims to enhance trading efficiency and lower costs for users by leveraging multiple liquidity sources in one seamless interface.