- It will allow users to choose the best priced offers
- Also, the innovation will attract additional liquidity through higher swap fees
- Aggregator in general is an important element of the exchange development strategy
SushiSwap announced the launch of the DEX aggregator yesterday, June 5. The innovation will allow the exchange clients to minimize their transaction costs and significantly expand the list of assets available to them.
In addition, in this way the platform plans to increase its own liquidity and connect directly to the market-makers.. The aggregator aggregates data from AMM and CEX, allowing traders to choose the best offer when trading directly, in a few clicks.
“We are proud to announce important news – SushiSwap has joined the DEX aggregation business! Over the past few months our team has been secretly building an aggregation router that will give our site’s customers access to the best price offers without any extra steps on their part,” the release said.
The exchange also said in a statement that the aggregator is an important part of the platform’s global strategy. SushiSwap aims to become the center of swaps in DeFi.
The key advantage of the innovation is the “bias” algorithm. The aggregator directs trades primarily to the platform by default, which will “spur” trading.</nbsp;
This, in turn, will lead to an increase in swap commissions.. So the number of liquidity providers will also increase.
Interestingly, we previously reported that DEX’s chief “chef” burned out. The reason is, among other things, a subpoena for SushiSwap from the SEC.