1inch Developed its Very Own Hardware Wallet
1inch Network has developed a hardware wallet that aims to provide offline crypto users with a secure storage device for their assets.
The hardware wallet will offer a secure way to store offline users’ private keys. It will be offered alongside 1inch’s existing web-based wallet.
Reportedly, special attention has been paid to the design of the device in the process of creating it. The result is a compact wallet the size of a bank card that weighs just 70 grams and is 4mm thin.
The wallet will be a wireless device with a 2.7-inch touchscreen display and will have a rechargeable battery. With the device users can to sign transactions wirelessly using NFC technology or QR codes.
The hardware wallet is going through the final stages of development and testing before it goes on sale later this year.
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1inch is the largest aggregator of decentralized exchanges by daily volume. The project allows traders to access liquidity from multiple decentralized exchanges to exchange tokens from a single platform. In the past week alone, the aggregator processed over $1.8 billion in trading volume.
When the device is fully ready and enters the market it will face competition from larger players in the sector such as Trezor and Ledger.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
