Decentralized exchange (DEX) aggregators have become vital tools in the DeFi ecosystem, enabling users to find the best rates across various decentralized exchanges. Here are the top five DEX aggregators to watch, including details on their partners, trading pairs, tradable cryptocurrencies, and fiat currency support.
1. 1inch
1inch remains a dominant player in the DEX aggregation space, offering users access to the best token swap rates by aggregating liquidity from multiple DEXes. With its intuitive interface and robust algorithm, 1inch splits trades across various exchanges to minimize slippage and provide the best possible price.
- Number of Partners: 1inch aggregates liquidity from over 200 liquidity sources, including top DEXes like Uniswap, SushiSwap, and Balancer.
- Available Trading Pairs: 1inch supports thousands of trading pairs, leveraging its extensive network of liquidity sources.
- Tradable Cryptocurrencies: Over 400 cryptocurrencies are supported.
- Fiat Currencies: 1inch supports fiat-to-crypto transactions through partners like MoonPay and Mercuryo, enabling users to buy crypto with fiat​.
2. SwapSpace
SwapSpace is an aggregator that operates since 2019, it aims to save users’ time by aggregating the swap offers from major crypto exchanges and arranging the deals in order by the best rate without charging any extra fees.
- Number of Partners: SwapSpace collaborates with over 29 cryptocurrency exchanges, including Changelly, ChangeNOW, and SimpleSwap.
- Available Trading Pairs: SwapSpace offers a wide variety of trading pairs due to its extensive network of partners, the number stands at over 600,000.
- Tradable Cryptocurrencies: More than 2700 cryptocurrencies are supported, giving users plenty of options.
- Fiat Currencies: SwapSpace supports fiat-to-crypto transactions through partners like Simplex and MoonPay​.
3. Paraswap
Paraswap is known for its efficient trade routing, aggregating liquidity from numerous decentralized exchanges.
- Number of Partners: Paraswap collaborates with over 30 DEXes and liquidity protocols, including Uniswap, SushiSwap, and Kyber Network.
- Available Trading Pairs: Paraswap supports a wide range of trading pairs, offering users a versatile trading experience.
- Tradable Cryptocurrencies: More than 100 cryptocurrencies are available for trading on Paraswap.
- Fiat Currencies: Paraswap does not directly support fiat currencies but integrates with fiat on-ramp services through partners like Ramp and Transak​​.
4. ZeroSwap
ZeroSwap stands out with its multi-chain support and innovative features like gasless transactions and zero trading fees.
- Number of Partners: ZeroSwap aggregates liquidity from several DEXes across multiple chains, including Ethereum and Binance Smart Chain, with plans to expand further.
- Available Trading Pairs: ZeroSwap supports a diverse range of trading pairs across supported blockchains.
- Tradable Cryptocurrencies: Over 100 cryptocurrencies can be traded on ZeroSwap.
- Fiat Currencies: Currently, ZeroSwap focuses on crypto-to-crypto transactions and does not support fiat currencies​​.
5. Swapzone
Swapzone provides a wide range of exchange options and competitive rates by aggregating offers from various DEXes and CEXes.
- Number of Partners: Swapzone works with over 15 different exchange platforms, including ChangeNOW, SimpleSwap, Easybit, Changelly, and FixedFloat.
- Available Trading Pairs: Swapzone supports a vast array of trading pairs, ensuring users can find the best deals.
- Tradable Cryptocurrencies: Over 1,000 different cryptocurrencies are available for exchange.
- Fiat Currencies: Swapzone focuses on crypto-to-crypto transactions and does not support fiat currencies directly.
Conclusion
The DEX aggregator landscape in 2024 is highly competitive, with each platform bringing unique features and benefits to the table. Whether you prioritise the best rates, gasless transactions, or comprehensive trading tools, there is a DEX aggregator tailored to your needs.
As DeFi continues to evolve, these platforms will play a crucial role in enhancing the trading experience and expanding the reach of decentralised finance, adding more fiat on and off-ramps.