DEX Aggregator
A service that routes trades through multiple DEXs and liquidity sources to find the best execution price.
In-Depth Explanation
Aggregators like 1inch, Paraswap, and CoW Swap split orders across pools, finding optimal paths through fragmented liquidity. They often achieve better prices than trading on a single DEX, especially for large orders. Some aggregators offer MEV protection and gas optimization. Aggregators have become the default way sophisticated users trade.
Related Terms
Decentralized Exchange
DEXA cryptocurrency exchange that operates through smart contracts without a central authority or custody of user funds.
Slippage
The difference between the expected price of a trade and the actual executed price.
Price Impact
The effect a trade has on the market price of an asset, proportional to trade size relative to liquidity.
More in Trading & Markets
View all →Slippage
The difference between the expected price of a trade and the actual executed price.
Maximal Extractable Value
MEVValue that can be extracted by reordering, inserting, or censoring transactions within a block.
Sandwich Attack
An MEV extraction technique where an attacker places transactions before and after a victim's trade to profit from the price impact.
Frontrunning
Placing a transaction ahead of a known pending transaction to profit from the anticipated price movement.