OKX MetaX launched the decentralization trading zone (Trade) for Web on Jan. 21, 2022 (UTC). You can make on-chain transactions under MetaX-Trade. It is now supported to provide the best prices for transactions on Ethereum, and more transaction aggregation services will be supported to enable a one-stop on-chain trading experience.
What is a decentralized exchange (DEX)?
A decentralized exchange (DEX) refers to a blockchain-based trading application. Liquidity Providers provide liquidity to the trading market, the price function adjusts the market price (generally using the pricing model of X * Y = K), while Traders interact directly with smart contracts to complete crypto transactions on the blockchain.
What is a DEX Aggregater?
A DEX Aggregator sources liquidity from all the on-chain DEXs, such as Uniswap, Sushi, and Bancor, and provides users with the best price through the Smart Order Router (SOR). It can also split up users' trade across different liquidity sources thanks to the SOR, which ultimately minimizes slippage for users.
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