Liquidity aggregation combines liquidity from multiple sources to give users access to the best rates and minimal slippage during token swaps – all within a single place. By tapping into liquidity across the entire market, 1inch simplifies the swapping process, saving users time and effort. This efficient, decentralized approach enhances the swapping experience in a self-custodial environment.

DEX aggregation is crucial because it enables users to access competitive prices and optimal liquidity across multiple decentralized exchanges through a single interface. Since different DEXes may offer varying prices for the same asset, DEX aggregation eliminates the need for manual comparison, ensuring users get the best possible rates. Additionally, swaps can be split across different protocols and market depths, optimizing both swap prices and gas usage. With 1inch, users enjoy a seamless experience that consistently delivers top-tier rates and efficiency.

Bancor is a DEX that enables token swaps. Launched in 2017, Bancor pioneered the automated market maker (AMM) model, offering liquidity pools where users can deposit tokens and earn fees. Bancor’s native token, BNT, acts as an intermediary in swaps and provides staking rewards. The platform also features innovations like Carbon DeFi for asymmetric liquidity and Arb Fast Lane for efficient arbitrage. BNT holders participate in governance, shaping Bancor’s development.