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Does 1inch Wallet have an API?

Does 1inch Wallet have an API?

Yes, 1inch Wallet does have an API, which can be found in their documentation. However, rather than using 1inch Wallet's public API, an alternative is to use Mesh, which has built integration with 1inch Wallet along with 300+ other digital asset exchanges and wallets. This allows developers to build products that enable customers to access their digital assets from various cryptocurrencies, all from within the Mesh platform.

About 1inch Wallet

1inch Wallet, developed by 1inch Limited, is a decentralized finance (DeFi) wallet that allows users to manage their crypto assets and explore Web3. Founded by Anton Bukov and Sergej Kunz in 2020, the company is based in Tórtola, Castilla-La Mancha, Spain. The wallet offers top-level security, self-custodial services, and hardware wallet support, enabling users to interact with any token or dApp on multiple chains. It also supports non-fungible tokens (NFTs), 22 languages, and balances in 40+ fiat currencies.

General usage

Key aspects of 1inch Wallet's API's include:

  1. 1inch dApp API: Enables token swaps across various decentralized exchanges (DEXes), optimizing for the best rates and minimal slippage.
  2. Aggregation Protocol API: Finds the most efficient paths for asset exchanges, providing users with the best possible swap rates in the DeFi market.
  3. Liquidity Protocol API: Functions as an automated market maker (AMM), facilitating liquidity provision and yield farming.
  4. Limit Order Protocol API: Supports placing of limit and RFQ (Request for Quote) orders, enhancing the trading experience with advanced order types.
  5. P2P Transaction API: Allows for direct ERC20 token trades between users, facilitating peer-to-peer transactions.
  6. 1inch Mobile Wallet API: Integrates wallet functionality with the 1inch Network, providing secure and user-friendly access to DeFi services.

Rate Limits

Here are the specific rate limit for the 1inch Wallet API:

  • Public API usage: 1 request per second (rps)

Errors

Here is the most common API errors for 1inch Wallet:

  • 400 - Bad Request: This error indicates an incorrect parameter. Ensure that all required parameters are correctly set.
  • 429 - Rate Limit: You've made too many requests to the API within a 1 second time period. Reduce your requests per second (RPS) to stay below the free 1rps limit.
  • 503 - Banned IP: The IP address you're using to access the API is banned. Ensure you're adhering to 1inch Network's terms of use.

Recent changes

Here are five of the most recent changes to the 1inch Wallet API, as found in the 1IPs documentation:

  • StableLab Grant Request for developing a 1inch DAO Constitution: This proposal aims to create a constitution for the 1inch DAO, providing a clear framework for governance and decision-making.
  • Deploy 1inch Network Protocols on Coinbase's Base: This change expands the reach of 1inch Network Protocols by deploying them on Coinbase's base, potentially increasing adoption and usage.
  • Gitcoin LatAm Featured Round: This proposal supports the growth of the 1inch ecosystem in Latin America by sponsoring a Gitcoin grant round focused on the region.
  • Reduce 1inch Governance Quorum to 7m Unicorn Power (UP): Although this proposal did not pass, it aimed to lower the governance quorum, making it easier for proposals to reach a decision.
  • Creating reviews, threads, articles, and natively working with DeFi opinion leaders: This not-passed proposal aimed to increase awareness and adoption of 1inch by collaborating with DeFi opinion leaders and creating content.

An alternative to the 1inch Wallet API.

As we mentioned earlier, Mesh offers a valuable alternative to directly accessing the 1inch Wallet API, particularly for developers and businesses aiming for a streamlined and integrated user experience for cryptocurrency transactions. In this section, we'll discuss why using Mesh API is a better option than accessing the 1inch Wallet's own API directly.

Here are some of the standout features of Mesh API:

  • Integrated User Experience: Mesh seamlessly embeds cryptocurrency functionalities into your app, offering a smooth user journey.
  • Broad Connectivity: With a single integration, Mesh connects to over 300 brokerages, exchanges, and wallets, providing extensive flexibility and choice.
  • Simplified Asset Management: The API eases the process of depositing assets, allowing transfers from various sources directly within the app for enhanced user convenience.
  • Cost: Mesh offers customized, volume-based pricing. See the Mesh Pricing page for more details.

By choosing Mesh, you can benefit from broad connectivity and cost-effective pricing  to offer end users a seamless digital asset management experience. Start with Mesh today and experience the ease and efficiency of their cutting-edge API in your digital currency endeavors.