To understand what DEX aggregators are and how they work, it's first necessary to understand what decentralized exchanges or DEX are. Surely you have read or heard an infinite number of times the word decentralization linked to the world of cryptocurrencies, this is because it is one of its main characteristics, not to be governed or controlled by a single authority.
This is where decentralized exchanges are born, being faithful to this principle, they allow trade to take place directly between the parties, and directly with their funds, without these being deposited in an account managed by a single authority or platform.
Para comprender lo que son los agregadores DEX y cómo funcionan, primero es necesario entender que son los intercambios descentralizados o DEX por sus siglas en ingles. De seguro has leído o escuchado una infinidad de veces la palabra descentralización ligada al mundo de las criptomonedas, esto se debe a que es una de sus principales características, no ser regidas o contraladas por una sola autoridad.
De allí nacen los intercambios descentralizados, siendo fieles a este principio, permiten que el comercio se de directamente entre las partes, y directamente con sus fondos, sin que estos sean depositados en una cuenta administrada por una sola autoridad o plataforma.
But despite the fact that DEX adhere to this ideology, they weren't the most popular for several years, which meant that they didn't have the highest liquidity of funds due to the low participation of users, however, this has changed with In recent years, thanks to the technologies that have been added to improve their performance, and that is where DEX aggregators come in.
Why DEX aggregators arise
For those who have a little experience with crypto-asset trading, you will agree that the goal will always be to buy or sell at the best price, and finding the ideal price wasn't always easy, it could be a strenuous and extensive task, visiting many DEXs, until you find the best price, to get the best profit.
Sometimes it wasn't always possible, due to the length of the search, which made you late for the correct exchange, with the price you were looking for, gave way to the need for a tool to exist that would allow you to have the best market price, without the need for such a marathon task.
Para quien tenga un poco de experiencia con el comercio de criptoactivos, estará de acuerdo que el objetivo siempre será comprar o vender siempre al mejor precio, y encontrar el precio ideal, no siempre fue algo sencillo, podía ser una tarea extenuante y extensa, visitando muchos DEX, hasta hallar el mejor precio, para obtener la mejor ganancia.
En ocasiones no fue siempre posible, debido a lo extenso de la búsqueda, que te hacia llegar tarde el intercambio correcto, con el precio que buscabas, dio paso a la necesidad de que existiera una herramienta que te permitiera tener el mejor precio de mercado, sin la necesidad de tan maratónica tarea.
How do DEX aggregators work?
They are highly sophisticated algorithms that allow the users of an exchange to automatically receive the best market price, searched by the algorithm through several DEX, channeling the transaction of its users to ensure that they are trading at the best market price. Trade requests are distributed among several DEXs to find the best available price, thanks to the use of bots that arbitrate that this happens in this way.
Son algoritmos altamente sofisticados que permiten a los usuarios de un intercambio, de manera automática, recibir el mejor precio de mercado, buscado por el algoritmo a través de varias DEX, canalizando la transacción de sus usuarios para asegurarse que están comercializando con el mejor precio del mercado. Las solicitudes de intercambio son distribuidas entre varias DEX para encontrar el mejor precio disponible, gracias al uso de bots que arbitran que ocurra de esta manera.
DEX aggregators grow in popularity
In just a few years, and thanks to many factors, this exchange model has grown in popularity, thanks to the DeFi boom last summer, and the development of highly effective platforms such as 1inch, which is believed to be the developer of this technology, called Pathfinder which is its API with routing algorithm, which not only helped many users to find better market prices, it also helps to cut gas use in the Ethereum network by up to 40%.
En tan solo pocos años, y gracias a muchos factores, este modelo de intercambio a crecido en popularidad, gracias al boom DeFi del verano pasado, y al desarrollo de plataformas altamente eficaces como 1inch, el cual se cree es el desarrollador de esta tecnología, llamada Pathfinder que es su API con algoritmo de enrutamiento, que no solo ayudo a muchos usuarios a encontrar mejores precios de mercado, también ayuda a recortar hasta en un 40% el uso del gas en la red de Ethereum.
This caused a great stir among users of the most popular chain of smart contracts, noting that it was possible to increase their profits thanks to this tool, and such popularity forced 1inch to take its services to other chains such as BSC, and influencing many other projects that are emerging as multi-chain, as the case of Newdex, a DEX present in EOS and now in BSC that also offers the benefits of a DEX aggregator.
Esto causo gran revuelo entre los usuarios de la cadena mas popular de contratos inteligentes, notando que era posible aumentar sus ganancias gracias a esta herramienta, y tal popularidad obligo a 1inch a llevar sus servicios a otras cadenas como BSC, e influyendo en muchos otros proyectos que se perfilan como multicadena, como el caso de Newdex, una DEX presente en EOS y ahora en BSC que también ofrece las bondades de un agregador DEX.
So popular are these types of exchanges becoming, that according to the market analysis site Messari, only in Ethereum, DEX aggregators own 20% of the volume of that network, a very promising percentage, added to the fact that tokens of this type exchanges have also grown more than 200% compared to centralized exchanges, all in less than a year.