Picture source : unsplash

Hello citizens of the cryptospace , welcome!!
We will be talking about NewDex and also be looking at it with fresh eyes.

Okay , so a quick memory jog on what Newdex is and what it's a bout .

Firstly :

Newdex is a decentralized exchange built on the EOS-Chain.

So this means with the EOS-Chain being the fastest blockchain ever and also making it many times faster than Ethereum plus with systems at a close second and third being Solana (Sol) and Polkadot (DOT) respectively.

Well then, to continue since it is obvious what the reason of this piece is Newdex , I'll be talking about it's upgrading to a Dex aggregator.
In order to better understand what the Newdex feature is about ...

This here is the part where we slowly break it down , so we will be talking about :

1- What an aggregator is.

2- What it does.

3- It's benefits.

What is an aggregator?

• It is a protocol that allows traders to access a wide range of pools through a single dashboard , hereby providing better exchange rates .

But breaking it down into much more simple and easy to digest bits.

• It is a system that allows a trading platform to use or source data of other exchanges in order to provide the accurate price of an asset.

What do Dex Aggregators do?

Since the recent boom in DeFi (Decentralized Finance) , there has been more and more need for aggregators as Centralized exchanges usually never really have the same prices of assets or sometimes the transaction fee tends to also create problems for traders.

For reasons like this Dex aggregators commonly intergrated with other Dex aggregators and this has naturally been one of the reasons why more traders use them , because what they do is :

• offer the best possible rates

• They are also fast and they reduce the probability of failed transactions and price impact.

Benefits.

Okay, so asides the two benefits mentioned earlier , let's try using a Dex like 1inch for example.

The Dex has a discovery and routing algorithm that is called Pathfinder.
Now , this was launched with the V2 of 1inch.

So , what it does is that it splits accross numerous liquidity protocols and matches with them in real time by using the same data as the providers'.

As for the Newdex aggregator which has a much faster TPS , the feature links DeFibox and DeFis network and

• Cheaper transaction fees.
• Quadruple the speed (if not more).

Finally :

I'll make two points -

1).
One major problems that most Dexs' have is liquidity and Needed have been able to efficient combat and a create transactions that are as high as Centralized exchanges.

2).
Newdex has always been known to experiment and innovate , it's definitely gonna turn out great and we might just be getting airdrops like on uniswap or 1inch.

(Please note that I am not trying to give investment advice , please do your own research [DYOR]).

Before we go on to bring this to a close , you can follow :

• Twitter : https://Twitter.com/newdexofficial.

• Telegram :
  https://t.me/newdexchat

If you have questions you can talk to about admin.