What is a Dex aggregator?

DEX aggregators source liquidity from different DEXs and thus offer users better token swap rates than they could get on any single DEX. DEX aggregators have the ability to optimize slippage, swap fees and token prices which, when done right, offer a better rate for users.

What are aggregators & how do they work?

Aggregators function as a — collective of exchanges to do business which has to do with the transfer of one crypto to another. For example, say you want to convert your ETH tokens into USDT on a specific DEX, but you cannot do it due to a lack of liquidity on the platform.

Is slingshot a Dex aggregator?

Slingshot grew out of DEX.AG, a DEX aggregator platform created in late 2018 as part of a hackathon event. At its launch, it supported seven major DEX, including Uniswap, Kyber, and DDEX. After million-dollar funding rounds, DEX.AG was rebranded as Slingshot in November 2020.

What are the opportunities for Defi aggregators?

In the DeFi world, where thousands of tokens are launched across different chains, traders want to be able to trade these assets across chains. This can open new opportunities for DEX aggregators who provide frictionless cross-chain token swaps. They are expanding the use of crypto exchanges.