Creating One Skillet Peach Chicken is straightforward if you follow these simple steps:

1. Prepare the Skillet: Heat olive oil in a large skillet over medium-high heat.
2. Season the Chicken: Season the chicken thighs with salt, pepper, and smoked paprika on both sides.
3. Sear the Chicken: Place the chicken thighs skin-side down in the skillet. Sear for about 5-7 minutes until the skin is golden brown. Flip the chicken and cook for an additional 5 minutes.
4. Add Onions and Garlic: Remove the chicken from the skillet and set aside. In the same skillet, add the sliced onions and minced garlic. Sauté for 2-3 minutes until fragrant and onions are translucent.
5. Incorporate Peaches and Thyme: Add the sliced peaches and thyme to the skillet, stirring gently to combine.
6. Add Chicken Broth: Pour in the chicken broth, scraping up any browned bits from the bottom of the skillet.
7. Return Chicken to Skillet: Nestle the chicken thighs back into the skillet, skin-side up. Bring the mixture to a gentle simmer.
8. Cover and Cook: Reduce the heat to low, cover, and let it cook for 20 minutes, or until the chicken is cooked through and reaches an internal temperature of 165°F (75°C).
9. Serve: Remove from heat and let it rest for a few minutes. Garnish with fresh basil if desired.

These steps will guide you in creating this incredible dish effortlessly. The combination of flavors will surely excite your palate!