DEX super aggregator unites DApps across multiple chains

As the decentralized finance (DeFi) market continues to boom and expands, new solutions emerge to simplify navigation and improve user experiences. With blockchain networks and their relevant decentralized applications (DApps) growing at a rapid pace. That raises the question of interoperability. If users on Ethereum want to use Dapps on Binance Smart Chain (BSC) or on Polygon chain. There is no fast and cheap way to do it. Instead, this process takes place which is costly and time-consuming. And from there it is not possible to access new cryptocurrencies.

If blockchain space is meant to be an open space and access to all. Its current lack of interoperability is a major barrier to widespread expansion and adoption. Fortunately, there are crypto projects that recognize the importance of cross-chain interactions and are working to break down the barriers involved. One such recent innovation is the launch of decentralized exchange (DEX) aggregators — platforms that unify numerous DEXs under one roof and allow users to conduct operations on all covered platforms without the need to create separate accounts and wallets.

The convenience of DEX aggregators is indisputable. Instead of having multiple accounts and conducting operations on various resources, users can register on one aggregator and get access to a multitude of liquidity pools and transactions. Moreover, user-friendly and simple price comparisons on such aggregators ensure that every user wishing to buy or sell a crypto asset will get the best possible price.

Why do the end-users of DeFi need decentralized exchange aggregators?

More opportunities. Users want to buy and sell cryptocurrency in the most effective way possible. This includes the speed of work, rate, fees, various bonuses, passive income, etc. But, they are reluctant to monitor the situation on all DeFi services themselves — it’s expensive, hard, and inconvenient. Plus, it’s difficult to monitor the emergence of new projects. Exchanges undertake the monitoring of all markets.

Improved user experience. DeFi solutions have already proven that they are a better alternative to traditional finance, arising from the need for an open, secure, and transparent financial system.

A wider range of DeFi projects. How many exchanges can an ordinary trader monitor on his own? Five? Twenty? An aggregator makes it possible and convenient to monitor several hundred and even thousands of markets.

More useful information. It refers to both the market, as DeFi aggregators provide a much more complete picture of current market conditions than would separate protocols, and providers.

Elimination of slippage. Slippage happens when orders are executed at a price that is less favorable than expected. This happens due to small liquidity in liquidity pools, which is the case for DEXs. DeFi exchanges help solve this issue as they combine the liquidity from different exchanges in one platform.

The multi-chain future DEX “super aggregator”

Blockchains such as Binance Smart Chain, Solana, and layer-two solutions like Polygon, Avalanche, Arbitrum, and Optimism are quickly catching up and solving some of the problems that accompany building on Ethereum. Contrary to popular rhetoric, these solutions are not being implemented to “kill Ethereum” but to provide a multichain approach to building for Web 3.0. The number of blockchains and blockchain projects being built each day is on the rise as developers try to leverage the technology’s capabilities.

DEX Super Aggregator can facilitate and connect new chains to enhance user experience. Just like forbitspace DEX Super Aggregator. This is the approach of an omnidirectional ecosystem that can allow anyone to join anywhere and any platform like Ethereum, Binance smart Chain, Polygon, Avalanche and is launching soon on Arbitrum and Optimism networks. By connecting their wallets, users and traders need only a wallet compatible with them across different blockchain networks on the forbitspace platform and swap assets between networks quickly and efficiently. Anyone with a smartphone and an internet connection can benefit from the financial services offered by forbitspace’s The DEX super aggregator. Transactions are near-instantaneous and cost less, making them ideal for anyone wishing to dabble in DApps across different blockchains. To assure users of the usability and security of the project, forbitspace has partnered with leading auditing firms such as CertiK and Hacken.

How the DEX Super Aggregator deepens liquidity to reduce slippage

Given the volatility crypto markets have, slippage occurs almost all the time, costing traders tons in extra fees. Slippage occurs when insufficient trading volume results in purchasing an asset for more than was initially intended or the selling of an asset for less than was initially intended.

Splitting a trade into multiple orders at different DEXs can help drill down on liquidity. Thereby minimizing the problem of slippage. One of the DEX Super Aggregator that has done this is the forbitspace. Liquidity of forbitspace DEX Super Aggregator is spread across DEX platforms to increase DEX liquidity, helping against slippage of orders.

The purpose is to build DEX Super Aggregator on different blockchains to give users the ability to discover and access hundreds of new assets, a secure, easy-to-use decentralized exchange, contract platform The fastest smart in the blockchain industry, extremely fast, low cost, and eco-friendly.