Gone were the days when people in the digital assets market worried about the inefficiency of Decentralized Exchanges (DEXs). Whether it was the lack of speed, low liquidity and absence of market makers, it was a situation that left a sour taste in the mouse of users.
The bad user experience and the desire to have a medium to exchange assets where it is compatible with the entire ecosystem of Cryptocurrency has finally arrived. Now there are countless of DEXes that has tremendously bridge the gap between Centralized Exchanges (CEXes).
It is the accelerating momentum that is most admirable to any keen observer of the space in its entirety. The most overwhelming feeling is the fact that the development is now at a point where CEX stands at obsoletion.
Most striking is the ‘new kids’ on the block offering multiple liquidities to traders where a swap gets matched with the price on the market. Cryptoshere is at a juncture where innovation is the keyword.
What Is Dex.AG
DEX.AG is a DEX aggregator that explores 11 distinct DEXes to get traders the most suitable price when trading. It is free to utilize, mobile-friendly, and has a broad assortment of token pairs available.
Its X Blaster feature divides large orders into smaller ones across different exchanges to block any sort of slippage. Hence, you can pick a token to buy and contrast rates on many decentralized exchanges.
Dex.ag allows users to establish what is a satisfactory amount of slippage before the exchange takes effect. In fact, the project is the single one of the few out there with such capabilities.
The best part is that the platform has no fees for using it, but there are charges for the DEXes and gas needed by the network to send transactions. Dex.ag recommends you check ETH Gas Station for the prevailing approved gas prices.
Also, using their API, you can obtain pricing data and combine trading into your software with a simple code, which is not complicated from the SDK. It is an easy process that allows developers to build without technical hindrance.
Built on the open-source Ethereum Blockchain, it has a non-custodial wallet policy allowing individuals to control their funds whilst using the exchange. Currently, it is attached to liquidity pools like Kyber Network, Uniswap, Balancer, Uniswap v2, Bancor, Curve, Chai, Oasis, Synthetix and 0x v3.
How Dex.AG Work
When you want to swap a token for another on Dex.AG, all you need to is to enter the name of the token and amount to swap and then press the ‘find trades’ button. The system will scan all supported decentralized exchange and presents you with a listing of available exchanges ordered by price.
You can also trade straight from DEX.AG utilizing the ‘buy Now’ button. The requirement is an internet connection and an Ether wallet with some ETH. Dex.AG supports MetaMask, WalletConnect, Portis, Fortmatic, Authereum and any web3-enabled browser, however, it endorses Metamask if you do not already have any of the mentioned wallets.
Moreover, you can use Dex.ag’s Simple Trading interface from DApp browser with web3 capacities like MetaMask Mobile, Coinbase Wallet, Trust Wallet, imToken, Opera Mobile, Brave and others.
After clicking the ‘buy now’ button, the system will take the information of the exchange you have inscribed and arranges a transaction for the DEX you want. The next step is to follow the prompts of your wallet provider to tender your transaction. Your trade is complete as soon as it gets confirmed on the Ethereum blockchain.
Join Dex.AG’s Community
Dex.ag is popular on Social Media, and you can kindly join them to know more about the project and how to put it to good use in your Crypto journey. Find them here:
Check out the source code on Github if you are more technical.