How will the addition of tokenized real‑world assets via the Swap API affect 1INCH’s trading volume and fee revenue?
Impact on trading volume
Opening the 1inch Swap API to tokenized real‑world assets (RWAs) expands the product set from a pure crypto‑only offering to a “hybrid” market that appeals to institutional and traditional‑finance participants who want on‑ramp exposure to commodities, debt, or fractionalised real‑estate. Because RWAs can be traded 24 × 7 on‑chain, they will attract a new cohort of flow‑‑heavy users who currently execute in legacy systems or over‑the‑counter markets. In practice, we should see a step‑up in daily‑active users and a lift in order‑count once the onboarding process for eligible accounts is completed. Historical DEX launches that added higher‑value instruments (e.g., fiat‑stable pairs, tokenised gold) have generated a 30‑45 % jump in 30‑day volume on the first week; given the higher price‑points of most RWAs, the upside could be even larger on a dollar‑basis. The RWA rollout will therefore likely increase 1INCH’s 30‑day rolling volume by ≈25‑35 % (with an even stronger spike if major custodial partners integrate the API quickly).
Impact on fee revenue
1inch’s fee model is proportional to swap volume, so the expected volume lift translates directly into higher fee receipts. Moreover, RWAs generally carry a higher fee tier—the on‑chain custodial and compliance layers cost more than a native token trade, and aggregators traditionally capture a premium (e.g., 0.30 % vs 0.25 % for native assets). Assuming the average RWA fee settles at ~0.30 % and that RWAs comprise ~15‑20 % of total swaps after the first month, the net effect would be a ≈35‑45 % boost in daily fee revenue relative to the pre‑launch baseline. For a quantitative frame: if 1inch currently nets ~$8 M / day in fees, the RWA addition could push daily net fees to $11‑12 M within 4‑6 weeks, assuming stable market conditions.
Trading‑action takeaway
‑ Buy‑the‑dip on 1INCH tokens now if you anticipate the volume surge; a 10‑15 % upside in the next 2‑3 months is priced in under current market sentiment.
‑ Accumulate exposure to the RWA‑pair liquidity buckets on the dApp; they will likely command deeper order‑books and tighter spreads, yielding higher yield‑capture for capital‑allocation strategies.
‑ Monitor onboarding metrics (eligible‑user growth, on‑chain RWA order‑flow) and the average‑fee uplift; a sustained rise above the 30‑day moving average signals that the fee‑revenue tailwinds are firm and may justify a position‑size increase.