
What is a DEX Aggregator and Why is it a Game-changer for Traders
Disclaimer: This article is part of the Iotabee DeFi Honeypot column, providing entry-level knowledge on Decentralized Finance (DeFi) for informational purposes only. It is not intended, and should not be construed, as financial advice. All investment activities should be undertaken cautiously and at your own risk.
Dear bee frens, long time no see! The IOTA & Shimmer ecosystem has been filled with exciting project releases and updates, and we haven’t been sitting idle either!
Have you experienced the magic of Iotabee’s DEX aggregator yet? Has it impressed you by uncovering your optimal trading route, or are you still scratching your head about what all the buzz is about? Fear not, we’ve got you covered! Let’s dive into the world of DEX aggregators and discover why they’re a game-changer for traders.
At the end of this article, we will also attach a fun challenge game for you to try out the Iotabee DEX aggregator so make sure you read until the end!
In any crypto ecosystem, you’ll find a plethora of DEXes offering similar services and liquidity pools. For traders, the ultimate goal is to secure the best prices, but achieving this manually can feel like a daunting task.DEXes offer constantly changing prices, requiring lightning-fast and complexe computations for efficient trading. Enter DEX aggregators — your knight in shining armor. These platforms gather data from various DEXes (like Google Flights in the crypto world), identify the best prices, and more importantly, split trades when necessary to ensure you get the most bang for your buck.

Let’s see an example below of a rather complex path that the Iotabee DEX Aggregator can find for you, offering a better price across all individual DEXes that it aggregates:

Fun fact: The first-ever DEX aggregator was born out of a hackathon competition in 2019. While it initially struggled to aggregate data from multiple DEXes, pioneers like Sergej Kunz and Anton Bukov cracked the code, developing the 1inch MVP in just 18 hours. Since then, 1inch and other DEX aggregators have revolutionized DeFi by tackling liquidity fragmentation head-on.
Today, the Iotabee DEX Aggregator aggregates the top pools from three DEXes on ShimmerEVM: Iotabee, Tangleswap, and Shimmersea. As the ecosystem grows, we may expand it to other ecosystems, so don’t hesitate to comment and let us know where else you’d like to see the Iotabee DEX Aggregator operating and which popular pools you wish to be integrated!
Enough education, now game time!
To celebrate the launch of the Iotabee DEX aggregator, we have created a fun challenge on X with 10 000 $SMR to claim: The Aggregator Beatdown! The rule is simple: if at any given time, you find a better trade price on any of the individual DEXes than on the aggregator, you claim the bounty! For more information, check out this tweet!
https://medium.com/media/088478772c6163c1982aa40fedf85085/href
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