Decentralized exchanges (DEX) surprise when the cryptocurrency landscape was introduced. These exchanges facilitate peer-to-peer trading, whose entire function is distributed through continuous nodes. Users do not have to worry about KYC and AML terms, and the entire transaction does not run the risk of server failure. On such an exciting and beneficial platform, only one disabled user faced this first world problem, which required a simple solution in the form of DEX aggregators.
The DEX aggregation was an idea that arose for the founders of the 1-inch protocol, who were paradoxically its first users. It was difficult for them to switch between several DEXs to find the best site to start token transfers. Manually verifying each transaction for better exchange rates has proven to be a daunting task. So they came up with DEX algorithms, which made this difficult test easier. And the workflow was straightforward. DEX aggregators offer users several benefits, such as the ability to convert tokens and currencies to better rates and reduce the probability of failed transactions. One such unique platform is the 1-inch transmission.