It’s time to transition into a new era of financial freedom and free yourself from the hassle of navigating multiple interfaces. DeFi has separate shortcuts to reach the winning line on cryptocurrency platforms. The core premise of DeFi is to give users control over their digital assets without third-party intervention. As for the revenue of the DeFi market, it is expected to reach US$26,170m by 2024. However, the only drawback DeFi faced was reduced liquidity. To address these shortcomings, the DEX aggregator concept has been activated. The best DEX aggregators simplify the process and allow you to explore different liquidity pools. In a word, it is simplicity and sophistication. To learn more about DEX aggregators, visit our blog.
What is a DEX Aggregator?
DEX Aggregator is like a drop in the DeFi ocean. The decentralized finance (DeFi) market continues to expand and inspire innovation. DEX aggregators allow liquidity from various decentralized exchanges and market makers into a unified platform. This opens the door to user-friendly security support that prioritizes your control and privacy. It stays ahead with real-time market data and portfolio management, all within a single, attractive interface.
For example – if you search for the best flights on Google, it will list a certain number of different flights available. Likewise, DEX aggregators list multiple DEXes for trading.
Still confused about why DeFi platforms have DEX aggregators?? Read ahead…
Why use DEX Aggregator
The main goal of a DEX aggregator is to find the best price that other DEX aggregators can offer in the shortest period of time. It is a successful business idea that has achieved steady exponential growth. Price fluctuations in AMM (Automated Market Maker)-based DEX are also a problem. Often times, the liquidity pool may not be liquid enough to support large transactions. To overcome all these problems, you can opt for DEX aggregators, an innovative solution that can provide a single access point for all types of DEX.
Want to know more?? Come and discover the best DeFi DEX integration platform in town…
The best DEX collection platform
Several DEX aggregators have gained popularity within the DeFi ecosystem. Let’s take a look at the top DEX aggregators…
1 inch
One of the best DEX aggregators in the cryptocurrency market is 1inch. We have extensive liquidity from various DEXs. Additionally, 1inch has better liquidity than any other individual DEX. Approximately 1inch offers 2491 different crypto token pairs. 1 inch has the lowest slippage cost and lowest token price.
1inch has a built-in token called Chi Token to reduce the impact of Ethereum’s gas fees. This DEX integrator does not charge extra fees for purchases or withdrawals. As an added advantage, 1inch offers a mobile app to make it easier for users to exchange tokens from the comfort of their smartphones.
Also Read: 1 Inch Exchange Replication Script – Instant DeFi Based DEX Acquisition Platform
Paraswap
Next in line is ParaSwap, another leading DEX aggregator equivalent to 1 inch. Liquidity is provided by various liquidity pools. The platform itself has a built-in liquidity pool called the ParaSwap pool.
In ParaSwap, only the network’s gas fees are paid by traders. The platform does not charge any other transaction fees for buying or selling cryptocurrency tokens. However, this only applies if transactions are processed through ParaSwap.io. ParaSwap exchange offers 144 different crypto token pairs. These ParaSwap tokens are offered at the best prices with lowest slippage costs. Metamask, Walletconnect, Ledger, Coinbase Wallet, and Trezor are wallets supported by ParaSwap.
Dex. Ag:
Dex. ag is a versatile integrated platform that offers vast liquidity sources. This is the Ethereum platform. The platform focuses on a user-friendly approach to acquiring traders. Additionally, it is compatible with a variety of tokens. This platform offers the lowest slippage costs.
open ocean
OpenOcean is another DeFi DEX aggregator. Liquidity is provided by a variety of available DEXs. For the best price and lowest slippage costs, you can choose OpenOcean DEX aggregator. This OpenOcean platform is used not only for trading purposes but also for yield farming and lending. Currently, the platform supports over 143 different crypto token pairs and over 9 exchange platforms. OOE is an internal token of the OpenOcean platform.
Matcha DEX Collector
Match is one of the famous DEX aggregators developed by 0x labs. It is one of the safe trading platforms. Additionally, Matcha uses 0x v4 smart contracts, which have been audited by leading blockchain company Consensys Diligence. Additionally, this matcha platform is built on the Ethereum blockchain network and the platform offers the best prices for cryptocurrency assets with multiple liquidity sources. The networks supported by Matcha are Ethereum, Binance, and Polygon, and the wallets are Coinbase Wallet, WalletConnect, and Bitski Wallet.
Have you figured out the best DEX aggregator platform?? Scroll down to see notable features offered by the best DEX aggregators.
Key Features of the Best DEX Collectors
If you are aiming to develop the best DEX aggregator platform, focus on the most important features you need to integrate.
Sign up and log in
At DEX aggregators, the onboarding process begins with logging in via your social account or email.
compatibility
The best DEX aggregator platform should be compatible with both desktop and smartphone access and have a mobile-friendly outlook.
Customized Trading Strategy:
This allows traders to manage a strategy that suits their goals by providing customizable options called limit orders and stop orders.
transparency
Transactions are recorded on a public ledger using a decentralized system to maintain complete transparency.
interoperability
A unique feature of using a DEX aggregator is that you have access to many DEXs and numerous liquidity pools without being limited to specific trading pairs.
Wallet integration
Users connect a single cryptocurrency wallet (e.g. MetaMask) to an aggregator that handles interactions with multiple DeFi services.
User-friendly interface
DeFi aggregators prioritize user convenience by providing an easy-to-navigate interface. DEX aggregators have huge traffic due to the easy DeFi operations they provide to their users.
Portfolio Management
Some DEX aggregators support comprehensive portfolio management tools. Users can track and manage their entire transaction history from a single dashboard.
Community support
The best DEX aggregators provide active communities and guide users through questions, issues, and feedback.
real-time data
Provides live data on token prices, interest rates, and other information. This helps users make timely decisions.
Following the main features, you should also know the benefits of developing a DEX aggregator.
Benefits of Choosing the Best DEX Aggregator
Exploring different DEXs is itself a successful advantage. Let’s take a look at the full benefits of the best DEX aggregators below.
Large-scale trade activation
DEX aggregators allow users to trade at scale with larger liquidity preferred pools and minimal slippage costs.
efficiency
DEX aggregators allow users to automate complex tasks such as token swaps, cryptocurrency exchanges, yield farming, and liquidity provision. This demonstrates efficiency by saving users time and minimizes the risk of errors.
monetization
DEX Aggregator generates revenue through various streams. By developing a DEX aggregator, entrepreneurs can gain a powerful source of income.
security
The best DEX aggregators help users by reducing the risk of becoming a victim of malicious attacks. It provides users with excellent security protocols.
cut down the money
Aggregators have a huge impact on pricing. Smart Order Route (SOR) allows DEX integrators to provide multi-splitting and multi-hopping of routes based on price impact.
Scroll down to get knowledge on how to create such a DEX collector…
How to Build a DEX Aggregator
Here are the steps to building a complete DEX aggregator:
Project Requirements and Analysis
This is the most important step in building your own DEX aggregator. This step is intended to analyze the market and identify user opportunities and needs. Project requirements, the role of DEX in DeFi platforms, ways to improve liquidity and trading efficiency, all of this is covered in this phase. The development team must discuss how to meet the needs of end users. Lastly, you need to have a plan to develop the best DeFi DEX aggregator.
Programming and Aggregation Skills
Defining the programming languages, frameworks, and algorithms needed to integrate liquidity from multiple DEXes, optimize trading paths, and fix optimal prices to acquire users is done at this stage.
front-end programming
The most important part is front-end programming. This is where users directly engage with the software product. Development of interface elements, including library and framework development, are functions performed in this phase.
Smart contract integration
Smart contract development is a major part of backend DEX applications. Only an experienced development team like Coinsclone deploys the essential coding algorithms that secure the operation of the best DEX aggregators.
UI/UX design
UI/UX is important to attract users. Only with a user-friendly interface and attractive design and features will DEX aggregators attract users to trade. There is no point in providing a complicated user interface; users may find it difficult or easily distracted. UI/UX plays an important role in solving these problems.
test and run
The testing phase ensures that the platform is ready for use. This includes ensuring the correct functionality, including coding, functionality, and smart contract integration. You can also gather more accurate feedback from the market and further improve your development. After the testing phase, your product is ready to launch.
Now you have a clear idea about building the best DEX aggregator. right ?? Are you confused about where to develop a DeFi DEX aggregator? Then your answer is…
Why choose Coinsclone to build the best DEX aggregator?
If you are a cryptocurrency enthusiast or a startup, having the idea of developing a DEX aggregator is a great and good start to get a steady stream of revenue. If you think about it, there are two paths you can take. One is to start from scratch. However, it may take several months and may be a reasonable price for those with deep pockets. Instead, it is wise to use a replication script. Coinsclone would be your best choice…
Coinclone is a leading DeFi Development Company It continues to shake up all DEX-related services. We have carried out nearly 500 projects and improved the quality of our services every day. Without any further thought, you can contact us for your journey into cryptocurrency. Book an appointment to learn more about us, easily connect with our experts, and even avail a free demo session.