AshSwap Aggregator: Top 1 DEX Aggregator on MultiversX Blockchain
DEX aggregators have surged in popularity, growing alongside DEX volumes since the introduction of market leaders like 1inch, Paraswap, etc. They streamline the swapping process by securing optimal prices, expanding liquidity, and ensuring a seamless trading experience.
Let’s discover the recipe that sets AshSwap Aggregator apart as the top DEX aggregator on the MultiversX blockchain.
The Case for DEX Aggregators
- From Users’ Perspective
Since liquidity in DeFi is fragmented across dozens of different sources, ensuring you’re getting the best price means having to check out multiple trading venues. Some exchanges will offer better prices, but have high slippage, while others offer worse rates for lower slippage. Manually comparing these isn’t just inefficient — it’s also ineffective for executing complex trade paths. Thus, sophisticated DEX aggregator algorithms are key for saving money on swaps.
- From the dApp Developers’ Perspective
Most of them will naturally want to facilitate transactions across multiple assets, and integrating the most popular DEX for preferred assets is understandable. However, relying solely on one DEX can be risky.
Market volatility can result in negative slippage, potentially magnified on certain exchanges, leading to significant losses. While breaking up large orders may mitigate this risk, it could also incur substantial gas fees.
A more prudent approach involves integrating multiple DEXs and assessing their liquidity, trade volume, and prices before executing trades. While developing such a solution would be time-consuming, DEX aggregators offer a ready-made alternative.
These platforms aggregate data from various DEXs and utilize sophisticated algorithms to optimize swap rates and minimize gas fees. Leading aggregators may also employ order-splitting strategies to reduce costs and maximize returns. This is the approach we employed in the AshSwap DEX Aggregator.
What Makes A Highly Performant DEX Aggregator?
The main advantage of using DEX aggregators is their ability to optimize transaction costs and improve outputs by monitoring liquidity and trading volume across various DEXs. When choosing a DEX aggregator, consider the following:
- Algorithm features: Look for algorithms that minimize slippage, price impact, and gas fees.
- Supported assets: Ensure the aggregator supports the assets users want to trade and integrates well with their wallets and networks.
- User-friendliness: An aggregator with a user-friendly interface and good support will enhance the trading experience.
With these factors, let’s look at the options AshSwap Aggregator provides.
Why Choose AshSwap Aggregator?
1. The Best and Fastest Swap Experience By Dynamic Trade Routing
The cornerstone of AshSwap Aggregator lies in its Dynamic Trade Routing algorithm. A typical aggregator will scan across multiple DEXes and present someone with the best overall exchange or liquidity source to make a trade with. But AshSwap, using Dynamic Trade Routing, goes one step further by also splitting your trade up across different DEXes and liquidity sources. This ensures that you’re able to maximize the overall value of your trade.
For example, the best price to trade 1,000 USDC for ASH is 808 USDC through xExchange wEGLD — USDC and ASH — wEGLD pool, and the rest through AshSwap ASH — wEGLD and USDT — ASH pool. AshSwap’s Dynamic Trade Routing automatically calculates this and packages it into a single quote that is ready to be executed.
90% of the pathfinding processes take under 80ms to be calculated. This statistic translates into a big advantage for users. If you enter any input amount of any supported tokens, the Dynamic Trade Routing will suggest the best swap route in just the blink of an eye.
This is how routes for a typical swap on AshSwap Aggregator look like:
2. Top DEXs Integration
AshSwap Aggregator has integrated 4 leading MultiversX native DEXs, including xExchange, AshSwap DEX, OneDEX, and JEXchange, tapping into nearly $100 million in liquidity to support efficient swaps. This integration enables us to significantly enhance efficiency, liquidity depth, and token lists, providing users with a broader array of options and improved trading experiences.
3. Auto-listing Pools
The latest v2.1 features an important update — Auto-listing. AshSwap Aggregator is now the go-to DEX Aggregator on MultiversX. Any newly created pools on xExchange, OneDex, and AshSwap with over $500 in liquidity will be automatically added to AshSwap Aggregator.
Our routing mechanism has been enhanced and upgraded along the way to ensure the best swap rates even with low-cap tokens. The update allows users to trade over 200 tokens over wider liquidity sources with the best swap rates.
3. Trusted By Community, Built For Community
As of May 2024, AshSwap Aggregator is the top 1 DEX Aggregator on MultiversX. It boasts a total trading volume of $220M+ and is constantly ranked among the top 5 most daily used dApps on MultiversX.
Moreover, AshSwap Aggregator smart contracts and SDKs have been made open-sourced to empower other dApps (protocols, trading platforms, wallets,…) to benefit their users. Proteo, QuantumX, xPortal, CyberPunk City, and more protocols have integrated AshSwap Aggregator on their dApp, facilitating efficient swaps on MultiversX.
We also introduced updated SDKs in v2 to enable integrators/UI providers to deploy their own fee subtraction, and initiate a fee-sharing scheme for veASH holders.
Always Moves Forward
Since its mainnet launch in February 2023, AshSwap Aggregator has undergone multiple upgrades, rigorous tests and is audited by Arda.
From auto-listing, backend improvement, revamped UI, and SDKs for builders to keep up with meaningful innovations driven by our work, we are proudly presented as the best DEX Aggregator on the MultiversX blockchain.
As we are evolving and exploring beyond boundaries, our improvement and expansion continue to keep pace with the dynamic blockchain environment.
