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What Is DeFi Aggregator: Check Out Top DeFi Aggregator Here

Updated on: Jun 8th, 2024

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5 min read

Decentralised Finance (DeFi) is distributed across blockchains like Binance Smart Chain and Ethereum. Within every blockchain, there is an ecosystem of siloed financial protocols. These individual protocols help to provide outstanding returns on lending your cryptocurrency. 

But a part of the appeal of decentralised finance is swapping, trading and selling cryptocurrency at the best rates. That can prove to be challenging when financial details are spread across several protocols. 

Enter DeFi aggregators.

This help saves time for users and increases efficiency for better trades. Let’s dive in to learn more about it. 

What is a DeFi aggregator?

A DeFi aggregator is a platform that collects information from different DeFi protocols and incorporates them into a single interface, enabling traders to make smarter decisions. It helps save time for users and increases efficiency for crypto trades. 

Advantages of a DeFi aggregator

DeFi aggregators siphon the best prices from decentralised exchanges, liquidity pools and lending services into a single place so that it is possible for you to optimise trades.

Without using a DeFi aggregator, you need to visit different exchanges individually. You then have to compare trading prices on every exchange to get the best deal and execute every transaction manually using smart contracts. 

A DeFi aggregator pulls the best prices and enables users to compare and mix strategies by dragging and dropping blocks to develop the best strategy.

Further, DeFi aggregators put UI/UX at the forefront, providing a more remarkable experience than the traditional method of manual interaction with liquidity layers. This proves helpful for users who are not as crypto-savvy as other trading experts who can navigate the DeFi space easily.

Top DeFi Aggregators

Zerion

Zerion enables traders to discover the potential of each asset on the market and trade at the best rates from one dashboard. This app tracks more than 50 protocols that make it simpler to find less popular tokens.

Zerion sources liquidity from major DEXs, giving you single-transaction access to automated strategies and liquidity pools. This implies that you, as a user, can exchange and send assets to some other wallet within a single transaction.

Matcha

Matcha is a DeFi platform through which cryptocurrency traders can get the best rates on any crypto exchange via the usage of a proprietary 0x API technology. This technology checks 23 DEXs simultaneously. 

Matcha works with SushiSwap, Uniswap, Balancer, Curve, Kyber, mStable, Mooniswap, Bancor and other coins. As a user, you can search for 23 exchanges simultaneously and safely route your orders to trade without any hidden fees. There is no requirement for an account. Also, there are no deposit requirements, withdrawal fees or trading limits.

1inch

1inch is a popular DEX aggregator that specialises in working out the best cryptocurrency prices compared to various DEXs. This platform launched with its own governance token called 1INCH. The main way users can earn 1INCH tokens is by offering liquidity to the liquidity platform.

This token is based on Ethereum, and the aggregator works by sourcing the liquidity from different decentralised exchanges. This implies that you will be able to get better token swap rates than what you will find on an individual DEX.

Zapper

Zapper is regarded as one of the most intuitive DeFi aggregators. It enables you to manage DeFi liabilities and assets via a simple interface. As a user, you can deploy various DeFi positions with one click. You can exit and enter DeFi positions via Zapping Out and Zapping In functions. It also includes a multi-pooling feature which enables diversification regarding asset distribution.

Final word

A DeFi aggregator is one of the most promising types of decentralised finance projects. It has simplified the DeFi landscape immensely for both experts and beginners. As per Messari, roughly 20% of the total trading occurring on non-custodial Ethereum exchanges is carried out using DeFi aggregators. 

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Quick Summary

Decentralised Finance (DeFi) is distributed across blockchains like Binance Smart Chain and Ethereum. DeFi aggregators collect data from various DeFi protocols, improving trading efficiency and providing better prices. Top DeFi aggregators include Zerion, Matcha, 1inch, and Zapper. These aggregators simplify trading by combining information from multiple decentralized exchanges and platforms.

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