8 Best Cryptocurrency Defi/DEx Aggregators [Top List]
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The cryptocurrency industry is growing rapidly and evolving every day.
Centralized exchanges (like Binance) are increasing their KYC policies, which are getting stricter by the hour.
This prevents people from freely spending their funds in the cryptocurrency market.
It could potentially take away the essence of an entire industry that is currently decentralized and authority-free.
However, exchanges that are less affected by these conditions are decentralized exchanges (DEx).
DEX allows you to buy crypto assets and keep your funds in full while maintaining complete anonymity.
However, these decentralized exchanges are known to have high transaction fees or slippages.
Also, with new DEx being launched every time, it is difficult for investors to find suitable ones with good liquidity.
This is where decentralized exchange aggregators come into play.
With the DEx aggregator, you can find crypto coins and tokens at the best prices, with the lowest transaction costs and slippage.
What is DEx Aggregator?
A decentralized exchange aggregator obtains liquidity from multiple DEXs and offers a better price and reward than a single DEx.
In the DEX aggregator, you can choose the best offer for buying and selling cryptocurrency tokens, which is more than a DEx search engine.
Now that you understand what and how DEx aggregators work, let’s take a look at the list of decentralized exchange aggregators.
The best DEx aggregators for crypto use
These decentralized exchange aggregators are selected based on their reliability, popularity, liquidity and availability.
PancakeSwap allows you to trade crypto and also allows for perpetual futures with up to 100x leverage.
Users can even earn with staked cryptos and win lotteries that include winning BNB by predicting the BTC price trend.
The exchange is one of the largest DEXs with 2.2 million monthly users and $3.9 billion in total value locked and staked.
The platform is based on the Binance Smart Chain (BSC) system and uses cryptocurrency exchanges to facilitate transactions.
The automated market maker also allows third parties to provide liquidity through liquidity pools.
No account registration or even KYC verification is required, and users can start transacting directly from the wallet when connected to the exchange.
The PancakeSwap platform has a token called Cake that you can stake or farm in pools and also supports NFT collectibles.
|Farming, providing liquidity, perpetual futures and staking add value to the ecosystem||Only supports BEP20 tokens on Binance Chain|
|Add liquidity easily by visiting the exchange site, selecting an eligible pair and connecting your wallet||Only 15 cryptocurrencies are supported|
|Place limit orders in addition to exchanges||No support for fiat/USD and other currencies|
|Low transaction fees and high liquidity|
The UniSwap platform is a smart contract and DeFi ecosystem with blockchain, exchange and cryptocurrency tokens.
It is the largest DEx on Ethereum, offering users the ability to exchange up to 80+ ERC-20 tokens instantly.
It also allows you to earn passive income from staked crypto assets and browse or build DApps on the blockchain.
It also acts as an automated market maker that allows third parties to provide liquidity to exchanges and DApps that are built and run on the blockchain.
The exchange supports exchange and it also supports NFTs, DeFi in addition to some other tokens.
It has no centralized order book, third party storage, and no private order matching engine because it is a true peer-to-peer, decentralized crypto exchange.
The exchange works on its protocol, while the factory protocol is used to add new tokens to the pool.
|ProsCons Open source, fully decentralized, secure and no KYC requirements Only supports Ethereum-based crypto tokens – No other blockchain is supported Additional products provide more value to the ecosystem Browse and use third-party DApps High liquidity with support for around 80 tokens Can connect to multiple cryptowalls Payments|
The dYdX exchange platform utilizes derivatives of up to 37 cryptocurrency assets using advanced order types.
The exchange allows perpetual futures with up to 20x leverage, while the minimum deposit is only $10.
The perpetual futures exchange is based on a layer-2 blockchain, but utilizes centralized order books because users’ funds are locked into smart contracts.
This cryptocurrency exchange is highly secured.
It supports cross-margining, which means an account can open multiple positions while sharing the same collateral.
The exchange allows users to combine multiple wallets as follows;
- Trust your wallet
- Huob’s wallet
- Coin 98
- Many other mobile QR code based wallets.
|Discount on transaction fees offered for holding Hedges NFT tokens||Fiat to crypto surveillance is not supported|
|Very secure due to the decentralized nature of the platform||Fewer credentials are supported|
|Free trade for those with huge 30 day trading volume|
AirSwap allows you to exchange crypto on a peer-to-peer basis – about 250 tokens, making it one of the most extensive DEX exchanges supporting tokens.
It was recently upgraded to a multi-chain exchange protocol.
It is also one of the most secure because of its decentralized nature, you don’t need to sign up or register to use the platform.
|No deposit, withdrawal or transaction fees||Does not support fiat to crypto exchange|
|Instant and secure peer-to-peer exchange|
This platform outperformed UniSwap in settlement time because it is built on Polygon – unlike UniSwap, which is built on the Ethereum blockchain.
The QuickSwap exchange is simply seen as a fork of UniSwap, which uses liquidity pools to facilitate peer-to-peer swaps and order books.
|The originally earned dQuickon token encourages borrowing and borrowing on the platform||Does not support fiat exchange and transactions|
|Faster and cheaper transactions compared to Ethereum and other second generation DApps|
|Over $346 billion and a large exchange volume of over $22 million is locked in value|
|The team participated in transparency|
ThorSwap supports multi-blockchain cryptocurrency exchanges without wrapped, tied assets or counterparties.
It allows people to exchange around 51 cryptocurrencies based on Synth, native ThorSwap and ERC20 tokens.
Its total value is locked at $358.89 million, but it is a smaller value compared to most decentralized crypto exchanges.
Other products include staking Thor tokens for vThor voting and governance, liquidity pools, Thor nodes and hosted wallets.
|Several cryptocurrencies are supported for exchange||Not transparent about payments|
|Decentralized and secure exchange|
|High Liquidity APY|
|Low transaction fees|
DexGuru allows users to make peer-to-peer transactions or exchange cryptocurrencies with each other, while crypto prices are derived from real-time payment transactions from a liquidity pool.
It provides access to several decentralized protocols (such as Ethereum, BSC, Polygon, Avalanche, Fantom and Arbitrum blockchains).
Users can connect their TrustWallet, WalletConnect, MetaMask, Trezor and Ledger wallets for transactions on DEx.
|ProsConsTrue peer-to-peer with support for various stablecoinsIt does not support buying and selling crypto with USD and other national currenciesSafe due to the decentralized nature of the platformNo continuous tradingMultiple wallets supportedHigh liquidity and poolingSupport for newer tokens|
Balancer Finance allows users to hold portfolios that are balanced to earn more, and those with the balance charge fees for providing arbitrage opportunities.
In addition to the earning potential of portfolio balancing, users can exchange around 110 tokens using the exchange protocol.
Users can exchange any crypto to Ethereum and users can also create portfolio earning pools on Polygon and Arbitrum.
|Large variety of tokens supported (around 100)||Support for ERC tokens only|
|Liquidity pools are open to everyone||No fiat support|
|Massive return on liquidity pools|
|High liquidity – over $3 billion|
What is Decentralized Exchange (DEx)?
DEx is any exchange built on top of blockchain technology that allows the same immutable ledger to be stored on multiple computer nodes on the same network.
A decentralized exchange allows you to buy crypto-assets entirely with your own funds to maintain complete anonymity.
Thus, they are a safer and more reliable way to buy cryptocurrencies.
How do decentralized crypto exchanges work?
Genuine DEXEs allow crypto-currency exchange or direct exchange, so they do not allow crypto-coins to be exchanged for USD, Euro or other fiat currencies, except for wrapped versions.
They also use smart contracts to facilitate transactions between one user and another.
These transactions are stored directly on the blockchain instead of in the company’s database.
Users also store and manage their cryptocurrency in digital wallets instead of centralized platforms that store private keys.
A DEX user can always use the private keys to restore the crypto wallet balance themselves without connecting to a central exchange (CEx).
What are smart contracts?
Smart contracts enable transactions without an intermediary or a third party, i.e. transactions take place directly between users at very low costs.
Decentralized exchanges determine the crypto price algorithmically, and some use API-based or liquidity pools to provide liquidity.
How are DEx aggregators better than DEx?
DEx aggregators are better because they allow you to view different DEx prices in one place.
In that case, you don’t need to visit so many other decentralized exchanges to get a better price for the token you want.
A decentralized exchange aggregator would allow you to keep your funds in full and give you the best price in the market.
If you use Ledger Live, ParaSwap offers a very smooth transaction experience.
Most decentralized exchanges benefit from a low transaction fee of less than 0.5%, beating centralized exchanges.
In addition, DEXEs are very safe and include high liquidity mining APYs that are sometimes 100% of the exchange fees.
The safest way to use DEX aggregators is with a hardware wallet (like Ledger), but if you’re just starting out, use the Trust Wallet mobile wallet app.
In addition, you should also learn how to protect your cryptocurrency wallet in the right way to avoid losing your funds.