It is time to shift into the new era of financial freedom and bid goodbye to the hassle of navigating multiple interfaces. The DeFi has a separate shortcut to reach the win line in the crypto platform. DeFi’s core premise is to have users control over their digital assets, without a third party intervention. Speaking of the DeFi market’s revenue, it is projected to reach US$26,170m in 2024.
However, the only drawback that DeFi faced was decreased liquidity. To address this drawback, the DEX aggregator concept came alive. The best DEX aggregator simplifies the process and allows you to explore diverse liquidity pools. In short, Simplicity with Sophistication. Let’s get into the blog to learn more about the DEX aggregator.
What is DEX Aggregator?
DEX Aggregator is like a drop in the DeFi ocean. The Decentralized Finance (DeFi) market keeps on expanding and continuously bringing up innovations. The DEX aggregator allows liquidity from various decentralized exchanges and market makers onto a unified platform.
It opens the door for user-friendly support for security which prioritizes your control and privacy. This stays ahead of the curve with real-time market data and portfolio management – all within a single and attractive interface.
For Instance – If you’re searching for the best flights in Google, it will list down a certain number of different flights that are available. Likewise, a DEX aggregator also lists a multitude of DEXs for trading.
Are you still confused about why there is a DEX aggregator in the DeFi platform?? Read ahead….
Why Use a DEX Aggregator?
The main goal of the DEX aggregator is to find the best price that any other DEX aggregator can offer in the shortest span. It’s a successful business idea with steady exponential growth. The price variation of the Automated Market Maker (AMM) based DEXs is also an issue. Often their liquidity pools may not be liquid enough to support big trades too. To overcome all these issues, one can opt for a DEX aggregator which is an innovative solution that can provide a single point of access to all kinds of DEXs.
Wondering to know more?? Come Let’s hunt down the best DeFi DEX aggregator platform in town…
The Best DEX Aggregator Platforms
The Best DEX aggregators in 2024. Several DEX aggregators have gained popularity within the DeFi ecosystem. Let’s see the top DEX aggregators
1inch
One of the topmost DEX aggregators in the crypto market is 1inch. It has a wide range of liquidity from various DEXs. Also, 1inch has better liquidity than any other individual DEX. Approximately, 1inch offers 2491 different pairs of crypto tokens. 1 inch provides you with less slippage cost and the best price for the tokens.
1inch has the in-built token called Chi Token, to reduce the impact of Ethereum’s gas fee. This DEX aggregator does not charge any separate fees for purchases, or withdrawals. As an additional advantage, 1inch offers a mobile app to make it easier for the user to swap the tokens with the comfort of a smartphone.
Also Read: 1inch Exchange Clone Script– DeFi-based DEX aggregator platform instantly
ParaSwap
Next in line is ParaSwap, another leading DEX aggregator which is the same as the 1-inch. It provides liquidity from various liquidity pools. The platform itself has an in-built liquidity pool called the ParaSwap pool.
In ParaSwap only the network’s gas fee is paid by the trader. This platform does not charge any other transaction fees for buying or selling crypto tokens. However, this is applicable in the case when a transaction is processed through ParaSwap.io only.
ParaSwap exchange offers 144 different pairs of crypto tokens. These ParaSwap tokens are available at the best price with the lowest slippage cost. Metamask, Walletconnect, Ledger, Coinbase Wallet, and Trezor are the wallets supported by ParaSwap.
Dex. ag:
dex. ag is a versatile aggregator platform that offers vast liquidity sources. It’s an Ethereum platform. This platform focuses on a user-friendly approach to grab the traders. In addition, it is a compatible one with a wide range of tokens available. This platform offers the lowest slippage cost.
OpenOcean
OpenOcean is another DeFi DEX aggregator in town. It sources liquidity from various available DEXs. For the best price and the lowest slippage cost, one can go for the OpenOcean DEX aggregator. This OpenOcean platform is used not only for trading purposes but also for yield farming, and lending. Currently, this platform supports 143+ various pairs of crypt tokens and 9+ exchange platforms. OOE is the in-house token of the OpenOcean platform.
Matcha DEX Aggregator
Matcha is one of the famous DEX aggregators which is developed by 0x labs. It’s one of the secured platforms for trading. Moreover, Matcha uses the 0x v4 smart contract audited by Consensys Diligence – the top Blockchain Company.
Furthermore, this matcha platform is built on the Ethereum blockchain network and this platform offers the best price for crypto assets with several liquidity sources. Networks supported by Matcha are Ethereum, Binance, and Polygon and the wallets are Coinbase Wallet, WalletConnect, and Bitski Wallet.
Grasped about the top DEX aggregator platforms right?? Scroll down to see the notable features that the best DEX aggregators carry.
Key Features of Best DEX Aggregators
If you’re aiming for the best DEX aggregator platform development, then focus on the most significant features that should be incorporated.
Sign-up and log-in
In DEX aggregators, the onboarding process starts with logging in via social accounts or emails.
Compatibility
The best DEX aggregator platform should be compatible with both desktop and smartphone access and have a mobile-friendly outlook.
Customizable Trading Strategies:
It allows the traders to curate their strategies that are specific to their targets by providing customizable options called limit orders and stop orders.
Transparency
Transactions are recorded on the public ledgers using decentralized systems to keep up complete transparency.
Interoperability
The DEX aggregator allows access to many DEXs and their numerous liquidity pools without being constrained to particular trading pairs is a unique feature.
Wallet Integration
Users connect a single cryptocurrency wallet (e.g. MetaMask) to the aggregator that processes the interaction with multiple DeFi services.
User-friendly Interface
DeFi aggregators prioritize user-friendliness by providing easy-to-navigate interfaces. DEX aggregator has huge traffic due to the easy DeFi operations provided for the users.
Portfolio Management
Some of the DEX aggregators enable inclusive portfolio management tools. Users can track and manage the entire trading details in a single dashboard.
Community Support
The best DEX aggregator offers an active community and guides the users with their questions, issues, and feedback.
Real-Time Data
It provides lively data regarding token prices, interest rates, and other information. By doing so it assists the users to make timely decisions.
Following the key features, one should also be aware of the benefits of DEX aggregator developments.
The Benefits of Choosing the Best DEX Aggregators
Delving into a diverse DEX itself is a successful benefit. Let’s see the complete benefits of the best DEX aggregator in the following :
Enabling Huge Trade
DEX aggregators allow users to make a huge trade with a larger pool of liquidity preferences and with the least slippage cost.
Efficiency
Using the DEX aggregator users can automate any complex operations like token swapping, crypto swapping, yield farming, and liquidity provision. This shows efficiency by saving the time of the users and also minimizes the risk of errors.
Revenue Generation
DEX Aggregators generate revenue through various streams. By developing a DEX aggregator entrepreneurs can earn a strong stream of income.
Security
The best DEX aggregators help users by reducing the risk of falling victim to malicious attacks. It provides exceptional security protocols to the users.
Cost Reduction
Aggregators have a huge impact on the price. With SOR (Smart Order Route), the DEX aggregator provides the multi-split and multi-hopping of routes based on the price impacts.
To get the knowledge of how to create such a DEX aggregator, scroll down…
How to Build a Best DEX Aggregator?
The following are the steps to build a perfect DEX aggregator:
Project Needs and Analysis
This is the foremost step to build a unique DEX aggregator. This phase is meant for analyzing the market and finding out the users’ opportunities and needs. Project requirements, DEX’s role in the DeFi platform, and how to enhance liquidity and trading efficiency, all of this stuff are covered in this phase. The development team should discuss how to meet the requirements of the end user. Finally should come up with a plan for the best DeFi DEX aggregator development.
Programming and Aggregation Techniques
To define the required programming language, frameworks, and algorithms for incorporating liquidity from several DEXs, optimizing trading routes, and fixing the best prices to grab users done in this phase.
Front-end Programming
The most significant part is the front-end programming. It’s where the users engage directly with the software product. straightaway Developments of the interface elements, including libraries and frameworks developments are the functions done in this phase.
Smart Contract Integration
Smart Contract development is the major part of the backend DEX applications. Only a well-experienced development team like Coinsclone, will deploy the essential coding algorithms that protect the best DEX aggregator operations.
UI/UX Design
To attract and grab the users, UI/UX is important. Only with the user-friendly interface and engaging design and features, surely the DEX aggregator will attract users to trade. Providing the complex user interface is of no use, users may find it difficult and can easily be distracted. UI/UX plays a major role in eliminating this issue.
Testing and Execution
The testing phase ensures whether the platform is ready to use. It includes checking the proper functioning of the codings, features, smart contract integration, etc. To be more precise in the market, can also collect feedback and enhance the development even better. Once the testing phase is over, the product is ready to go live.
Now you have a clear idea regarding building the best DEX aggregator. right ?? Have you got tangled in where to develop the DeFi DEX aggregator?? Then here is your answer…
Why Choose Coinsclone to Build the Best DEX Aggregator?
If you’re a crypto enthusiast or a startup then, having an idea of developing a DEX aggregator is an appreciable and great start to gain a steady stream of revenue. Thinking about that, one can have 2 ways to go. One is starting it from scratch. But it may take several months and can be affordable for the one with deep pockets. Instead of that, taking up a clone script is a wise choice. Coinsclone would be the ultimate choice one can drive through…
Coinsclone is a leading DeFi Development Company that keeps rocking undoubtedly with all DEX-related services. We have worked with almost 500+ projects and enhanced the quality of services each day. With no other second thought, you can approach us for your journey towards crypto. To learn more about us, schedule an appointment and easily get in touch with our experts and avail a free demo session as well.