The Decentralized Exchange (DEX) market is developing at an impressive speed. The scene over the few years has metamorphosis into an enormous variety and features offering incredible services no one ever thought of half a decade ago.
In the past, many people were worried about the shortcomings of Centralized Exchanges (CEXs), and how the whole system defeats the purpose of decentralization and Cryptocurrency. But it is heartwarming to realize that the system is evolving, bringing forth countless innovations. Looking back and comparing it to today’s developments, one can boldly say that the wait was not a wasted effort. DEXs are springing up regularly with robust functionalities that beats our imagination.
It is quite refreshing to take a look at the combination of the strength of both DEXs and CEXs. We have unique advancements like liquidity providers, Automatic Market Makers, relayers, lending, borrowing, and many others in the space.
Arguably, it seems DEX is the most advancing sector in the DeFi ecosystem, even though there is enormous progress going on at the moment. More importantly, the growth has sanitized the exchange market, bringing more choices and financial instruments for human freedom and prosperity.
Overview of Totle
Totle refers to itself as the gateway to all Decentralized Exchanges’ Liquidity. It combines several decentralized exchanges and synthetic asset providers into a sequence of patterns that make it effortless to access extensive liquidity for DeFi assets at the most suitable price.
It is the platform to go when you are looking to trade several digital assets in one place. Traders can buy and sell over 5600 asset pairs without any blemish. It is instructive to note that Totle is the brain behind the splitting of order across multiple exchanges to acquire the best price. The trend of giving people control over their funds is at the heart of this project as it runs on a non-custodial principle.
The focus is to let people to easily exchange and transfer tokens through DEX aggregation. According to David Bleznak, founder of Totle, the key to mass adoption is by creating products so helpful and easy to use that to use an alternative to Crypto will be an inconvenience.
The project believes you can get a better value for your tokens at a 99 percent when you swap on Totle rather than on a single decentralized exchange. It sounds exciting and more empowering for the Crypto community.
Notable wallets, payment, data, and widget platforms like Monarch, Edge, Coinomi, Midas Protocol, Monolith, LiquidSwap, Kiss Patent, Fabr(x), Chainlink, Cryptowatch, Coinigy, Hodex, DEGEN, Celsius Network are all supported by Totle.
Their liquidity partners is an impressive list of the best in the industry at the moment running in association with Arlington XRP Capital, NGC, Wyre, Ethereum Enterprise Alliance, Wave, and Draper Goren Holm. They comprise of Kyber Network, Fulcrum, Uniswap, Airswap, Bancor, 0x Protocol, Chai Aave, Synthetix, Oasis, Curve, Compound, TokenSets, Idle and others.
How It Works
Totle is attached to top decentralized exchanges and synthetic asset platforms. During the execution of a transaction, the order is routed to the origins extending the best rates on the market.
After matching up, the trade goes through with the liquidity pool that comes up with the best price available. At this point, the swap takes place with the lowest fees available in a secure setting.
The deep liquidity and the easy-to-use tools at the disposal of traders make the whole process smooth and swift. At the same time, it has one of the lowest fees in the market.
Learn More About Totle
It is crucial to learn more about Totle, especially new updates and how the platform operates. Join their various communities to network and know more about the project and inquire from the team whatever is bothering your mind.
Here are their Social Media platforms: