​SushiSwap exchange launches DEX aggregator

What’s new? Decentralized crypto exchange (DEX) SushiSwap has released details of the launch of the DEX aggregator, which will allow customers to find the best prices to trade on the protocol without additional effort. In addition, the service will open up a large number of new assets for trading and allow liquidity providers (LPs) to increase earnings from swap fees. The launch of the aggregator is part of SushiSwap’s overall vision for 2023.

Post on the Sushi Blog

How does the aggregator work? The tool unifies liquidity on various decentralized exchanges on a selected network and uses complicated algorithms to find the best (cheapest) options for exchanging tokens. It collects all the data and rates from each platform and then runs algorithms to calculate the swap, often splitting orders between different exchanges to achieve the cheapest price.

Aggregators have become popular among users of decentralized finance (DeFi) because they allow for a single automated interface instead of manually viewing each exchange and calculating rates and fees yourself.

The developers of SushiSwap’s DEX aggregator expect it to become a swap hub for DeFi. The company’s representatives said that the tool is a universal router, which will not only handle the load but also improve the existing infrastructure. The aggregator stands out because it works “biased,” directing many transactions through Sushi and allowing for exposure to a large number of tokens previously unavailable in the Sushi user interface.

Opening up access to tokens not previously available on Sushi will bring additional benefits to LPs. For example, even if a pair does not yet have a liquidity pool on the UI, the aggregator allows one to quote the swap through other exchanges, which means LPs can take advantage of the popularity or uptrend of a token.

In the future, the Sushi team plans to expand access to liquidity through other DEXs and establish a direct link to market maker flows.

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The launch of the DEX aggregator was part of the project’s roadmap presented by SushiSwap CEO Jared Grey in January. The team also announced the launch of the decentralized project incubator Sushi Studios and NFT marketplace Shoyu.

As of June 6, 08:45 UTC, the SUSHI token is trading at $0,751 on Binance, having lost 11,23% in 24 hours.