DEX ‘aggregators’ are one of the latest developments in the thriving digital currency market. Such providers allow you to tap into high liquidity while at the same time – benefit from better pricing.
1inch Exchange is a non-custodial DEX aggregator that rolls these advantages into a single platform.
In this review, we take a close look at the ins and outs of what 1inch Exchange offers.
What is 1inch Exchange?
While 2020 left the larger share of the financial sector in disarray, the decentralized finance (Defi) market has had a propitious year. Traders from across the globe ventured into this alternative financial industry – in hopes of benefiting from ever-increasing market volatility.
Not only have we seen an increase in fund inflow, but a range of new and exciting trading innovations have since entered the space. One such example is that of DEX aggregators.
At the forefront of this is 1inch Exchange. The platform sources liquidity from various exchanges and uses smart contract technology to enable the optimization of trades.
The platform was established in 2019 by two Russian developers – Sergej Kunz and Anton Bukov. 1inch Exchange integrates seamlessly with many popular DEX’s such as the Balancer, Kyber Network, Uniswap, Oasis, Mooniswap, and more.
In other words, you will find it easy to swap any kind of ERC-20 token at the click of a button. At the moment, the exchange currently supports over 250+ digital currencies.
The aim of 1inch Exchange is simple and straightforward – to offer the best rates for its users by discovering the most efficient swapping routes from leading DEX providers.
To ensure this, the platform displays the price and liquidity available on each exchange so that you can make an informed decision after comparing what is on the table.
This eliminates the need for you to check multiple exchanges simultaneously to verify whether you are getting the best rate. All in all, 1inch Exchange makes the process…