News linked to both this project and an event.
According to Onchain Lens monitoring, a whale swapped 20,040 stETH for approximately 20,000 ETH via 1inch, worth about $54.69 million; minutes later, the whale deposited 20,000 ETH into Bitget, worth about $54.66 million.
According to a study commissioned by 1inch and conducted by on-chain analysis platform Dune, approximately 85% of concentrated liquidity on decentralized exchanges is not functioning as intended at the time of deposit, with an average of about $542 million completely outside their fee-earning range each week. Liquidity providers whose positions fall outside this fee-earning range lose approximately $150 million in fees annually, with over one-third of this idle capital remaining untouched for more than 90 days. (Theblock)