Dex-Aggregators I Use to Find Best Swap Prices

I have previously made a general introduction to DeFi. In my article Introduction to Defi-2, I mentioned DeFi types such as decentralized exchanges, lending apps, and yield aggregators.

In this article, I want to write about Dex-Aggregators. These apps combine price data from decentralized exchanges and allow us to buy cryptocurrencies at the most affordable price. I've constantly been using them, as I save a substantial amount of money compared to trading on a particular dex.

I found the 1inch app sympathetic because of its name, logo, and image of the flame that appeared when processing. Considering the obvious benefit it provides and is the only one in its class, and I invested in 1inch coins. I still keep my 1inch coins staked on 1inch site.

1inch works for both Ethereum, Binance Smart Chain, and Polygon ecosystems. We connect our DeFi wallet to the app to make transactions. We select the pair of coins to trade and press the "Swap Token" button. It is possible to use the application to provide the lowest transaction fee, the lowest commission, or the highest return consisting of a combination of the two.

The second application I want to mention in this area is DeBank. DeBank, which I use to follow my DeFi portfolio on different applications, also finds the most appropriate exchange, considering parameters such as liquidity, transaction cost, and commission. Unlike 1inch, it also shows in which dex the transaction will take place. Although DeBank can also often find the most affordable prices in the 1inch app.

Paraswap, specializing in finding the most appropriate swap alternatives, can implement strategies such as dividing the transaction amount into pieces when necessary and combining different currency pairs. The application supporting Ethereum, BSC, and Polygon had become more and more popular in recent days.

Inside the MetaMask wallet, a swap menu can be used to find the best price by comparing different dexes data. I also take advantage of this feature from time to time, supported on Ethereum and BSC networks.

Applications that find the lowest crypto price and allow us to perform the relevant transaction instantly are important examples of Defi's potential. In fact, there are many more types of applications in the Defi universe. I plan to write about other types that I find interesting in my future posts.

Thanks for reading.

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