1inch Network

<p><em>The <a href="https://app.1inch.io/" rel="noopener noreferrer nofollow">1inch dApp</a> uses the Balance API to monitor user wallets’ balances and allowances<strong>.</strong></em></p><p>1inch efficiently integrates tools from the 1inch Developer Portal to enhance its products, showcasing the practical impact and capabilities of these solutions in real-world applications. In this case study, we focus on how the <a href="https://1inch.dev/balance-api/" rel="noopener noreferrer nofollow">1inch Balance API</a> is integrated into the 1inch dApp to provide users with seamless, real-time insights into their token balances and allowances across EVM networks.</p><h2 id="header-0"><strong>How the 1inch dApp leverages the Balance API</strong></h2><p>The 1inch Balance API is a crucial component of the 1inch dApp, streamlining the process of managing balances and allowances across multiple networks. The API simplifies the DeFi experience for users, enabling seamless, real-time asset management across EVM-compatible chains.</p><h4><strong>Unified asset overview</strong></h4><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2165fe4492eb4c029d5902af62ca57d6.png" /><p>The Balance API consolidates both token balances and allowances, offering users a unified view of all their assets when connecting wallets to the 1inch dApp. This streamlined interface simplifies token management across multiple networks.</p><h4><strong>Balances and allowances in a single request</strong></h4><p>Managing assets in decentralized finance (DeFi) requires not just tracking token balances but also monitoring allowances given to smart contracts. An allowance refers to the permission users grant a smart contract to use their tokens for transactions. When users swap a token for the first time, they must approve the smart contract to interact with their token. In the 1inch dApp, this is visually indicated by a lock on the swap field, signifying that an allowance is needed for the swap.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/60b749ec4c974cb6b96c11ac81684196.png" /><p>The 1inch Balance API simplifies this process by providing both token balances and allowances for any ERC-20 token through a single API request. This creates a more seamless and efficient experience, giving users a clear and comprehensive view of their assets and allowances.</p><h4><strong>Enhanced user experience</strong></h4><p>The Balance API ensures that 1inch dApp users receive updates on their balances and allowances, allowing them to make informed decisions. This functionality enhances responsiveness, offering a smooth and efficient asset management process.</p><h2 id="header-1"><strong>Benefits of the Balance API for Web3 developers</strong></h2><p>The Balance API is designed to streamline Web3 projects by offering developers a comprehensive tool for delivering real-time, accurate information on balances and allowances for crypto wallets across various EVM-compatible networks.</p><h4><strong>Simplified asset management</strong></h4><p>By consolidating balance and allowance data, developers can present users with a unified view of their token holdings and contract permissions, making asset management more straightforward and efficient.</p><h4><strong>Multi-chain functionality</strong></h4><p>The Balance API supports 12 leading EVM chains: Ethereum, Aurora, Arbitrum, Avalanche, BNB Chain, Fantom, Gnosis, Klaytn, Optimism, Polygon, zkSync Era and Base. This broad multi-chain compatibility ensures that users have real-time asset data across various networks, delivering a seamless experience regardless of the token or wallet in use.</p><h4><strong>Fast response time</strong></h4><p>With response time below 400 ms, the Balance API offers some of the fastest updates in the market, ensuring that projects built using this API deliver a top-tier user experience.</p><p>To request more information or to integrate the 1inch Balance API into your project, please contact our business development team.</p><p><em>Build Web3 with the tools available on the 1inch Developer Portal!</em></p>

The power of the 1inch Balance API in action

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1inch Network

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