The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain.
The Aggregation Protocol calculates the most profitable trade for a given token and size of the order, potentially splitting a large order into several chunks across several decentralized exchanges. Previously, the tool was mostly useful for wealthy traders for whom slippage was an important factor when trading in decentralized finance. The system consumed more gas than using a DEX protocol directly, which meant that the product was unattractive for smaller traders.
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