What it means
A service that checks many exchanges at once and routes your trade through the one, or the mix, with the best rate.
Prices for the same pair differ a little between DEXes. An aggregator splits or routes the trade so you get more of the token you want.
How it works
Some aggregators also move tokens between blockchains.
Related terms
| Term | What it means |
|---|---|
| DEX | Decentralised exchange: smart contracts that let you trade tokens straight from your own wallet, with no company holding your money. |
| Exchange (swap) | Trading one token for another, such as EURC for USDC, at a rate set by the market. |
| Slippage | The difference between the rate you see and the rate you get, because the price moved before the trade settled. |
This glossary explains terms in general. It isn't investment, tax or legal advice.