Trading Notes | DEX Aggregators
① A DEX aggregator compares quotes from several decentralized exchanges and liquidity pools at the same time to find a better route for a swap.
② Aggregators themselves generally do not provide liquidity; they only route trades, using the pools of various DEXs to complete the swap.
③ When comparing quotes, focus on the final amount received after fees and gas are deducted—not just the exchange rate.
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