Crypto Industry is growing and evolving every day. So much that now authorities worldwide want to regulate it.
Further, centralized crypto exchanges such as Coinbase or Binance are notching up their KYC policies which are getting stricter with every passing hour. This restricts a user to use their funds freely in the market. This can potentially take out the essence of the whole industry, which is decentralized and authority-less at the moment.
The exchanges which are less affected by these circumstances are Decentralized Exchanges (DEXs). A DEX allows you to buy crypto assets and keep full custody of your funds while maintaining complete anonymity. Thus, they are a safe and more reliable method of purchasing cryptocurrencies. Have a look at our Best DEX List here.
However, these exchanges may have a high transaction fee or slippage. Further, with a new DEX coming into the market almost every week, investors find it challenging to find a suitable DEX with good liquidity.
This is where a DEX aggregator comes into the picture. A DEX aggregator can be used to find crypto at the best price and with the lowest transaction cost and slippage.
How does a DEX aggregator work?
Like Google Flights or Expedia, where you can choose the best flight deals for traveling. On a DEX aggregator, you can select the best deal for buying or selling a crypto token. It is like a search engine for DEXs.
A DEX aggregator sources liquidity from various DEXs and offers a better price and fee than a single DEX.
Thus, we have collated a list of top DEX aggregators for you for 2021.
Best DEX Aggregators for 2021
The list of our best DEX aggregators is as follows:
S. No.
Name of the DEX Aggregator
No. of Token Pairs
1
1Inch
2491
2
Paraswap
144
3
Open Ocean
88
4
Orion Protocol
Not Identifiable
5
Matcha
Not Identifiable
CoinSutra – Best DEX Aggregators List
Let us understand these DEX aggregators one at a time.
1. 1Inch Exchange
1Inch Exchange is the No. 1 DEX aggregator in the crypto market. It sources its liquidity from various DEXs and liquidity pools and has better liquidity than any individual DEX.
The exchange offers 2491 different pairs of crypto tokens. These tokens are available to you at the best price with the least slippage cost.
To reduce the impact of the Ethereum Gas fee, you can use the in-house token of the platform called Chi Token. The exchange offers a mobile app, which makes it easier for anyone to swap tokens with the comfort of a smartphone.
In addition to this, the exchange does not charge any fee for sale, purchase, or withdrawal of funds. However, the individual DEX from which an order has been sourced may charge its respective trading fee.
1Inch exchange can not only be used to buy or sell your crypto assets but can also be used for Yield Farming by providing liquidity to the liquidity pools.
Further, the platform supports the following four networks at the moment:
Ethereum
Binance Smart Chain
Polygon
Optimism
Not only this, but the exchange also supports 16 different wallets, including hardware wallets such as Ledger and Trezor, which gives you the most secure transaction experience on the platform.
The platform has an in-house token called 1Inch, which is used for the platform’s governance through a DAO (Decentralized Autonomous Organization).
You can refer 1Inch Exchange’s trade statistics here.
Visit 1Inch Exchange
2. Paraswap
Paraswap is another leading DEX aggregator which is similar to 1Inch Exchange. It sources liquidity from different liquidity pools and DEXs. In addition to this, the platform also has an in-house liquidity pool called ParaSwapPool.
ParaSwap does not charge any transaction fee for buying or selling crypto tokens. This means that for trade, only the network’s applicable gas fee is payable by the trader.
However, this is only the case when a transaction is processed through ParaSwap.io. If a trade is made through a third-party service, then such a third party (for example, an integrated wallet such as Ledger) may charge an additional fee on the trade.
The exchange offers 144 different pairs of crypto tokens. These tokens are available to you at the best price with the least slippage cost.
The platform supports the following three networks at the moment:
Ethereum
Binance Smart Chain
Polygon
The exchange also supports four different wallets, including the Ledger hardware wallet, giving you the most secure transaction experience. And a cherry on the top for Ledger wallet users, Paraswap is also supported by the Ledger Live application.
You can refer ParaSwap’s trade statistics here.
Visit ParaSwap
3. OpenOcean
OpenOcean is the first full aggregator of the crypto market, which sources liquidity from various available DEXs and the Centralized Exchanges (CEX). This provides a user with the overall best price with the least possible slippage.
Binance is the first CEX to integrate with OpenOcean making it the first complete market aggregator.
The platform can be used not only for trading but also for Yield Farming, Lending, and Insurance.
The exchange offers 143 different pairs of crypto tokens. These tokens are available to you at the best price with the least slippage cost.
Further, OpenOcean supports the following nine networks at the moment:
Ethereum
Binance Smart Chain
Ontology
Tron
Solana
Polygon
Heco
OKExChain
Avalanche
The platform has an in-house token OOE which can be used for the governance of the platform. Further, OOE can be used for liquidity mining.
You can find the list of supported DEXs and CEXs here.
Visit OpenOcean
4. Orion Protocol
Orion Protocol is similar to OpenOcean and strives to aggregate all the DEXs and CEXs across the crypto-verse. This improves the overall liquidity of the platform.
The platform has renowned brokers such as:
Injective
AscendEx
KuCoin
MEXC, etc.
The platform currently supports the following two networks:
Ethereum
Binance Smart Chain
Further, Orion Protocol supports four different wallets, including hardware wallets Ledger and Trezor, which improves the transaction security:
Orion Protocol has an in-house governance token called ORN, which is used for the platform’s governance. In addition to this, ORN tokens can be used for staking and liquidity mining.
You can refer to Orion Protocol’s trade statistics here.
Visit OrionProtocol
5. Matcha
Matcha is a DEX aggregator developed by 0x Labs. The platform is built on the Ethereum network and allows users to have the best price of crypto assets from various liquidity sources.
Matcha is a reasonably secure platform to use. Matcha uses the 0x v4 smart contracts duly audited by ConsenSys Diligence, a top blockchain company. You can refer to the audit results here.
You refer to the list of DEXs integrated with Match here.
The platform supports the following three networks at the moment:
Ethereum
Binance Smart Chain
Polygon
In addition to this, Matcha currently supports the following four wallets:
The platform does not charge any fee from the user in addition to the network gas fee and liquidity provider’s trading fee (if any).
Visit Matcha
Conclusion – Best DEX Aggregator for 2021
So, that is it for the list of the best DEX aggregators in the market. A DEX aggregator would allow you to keep full custody of your funds and give you the best price in the market.
The most secure way to use a DEX aggregator is with a hardware wallet such as Ledger or Trezor. If you are just starting, then start with 1Inch Exchange or Paraswap.
If you use the Ledger Live application (in-house application of Ledger Wallet), then Paraswap will provide you the smoothest transaction experience.
I hope this post would help you in identifying a suitable DEX aggregator for you. In case you have any questions or feedback, then let us know in the comments section.
Further, subscribe to CoinSutra Newsletter to get our free Crypto Trading E-book.
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.