💫Swap Trading
Last updated
Last updated
Swap trading is one of the key features of uDEX, transforming decentralized trading by integrating with external DEXs like Uniswap, PancakeSwap, and 1inch through a smart contract for asset exchange. This integration allows uDEX to optimize trades by seeking the best prices and minimizing slippage, significantly reducing trading costs for users. Integrated with the 1inch DEX aggregator, uDEX enables trades to be routed through multiple DEXs for optimal pricing, resulting in a substantial reduction in trading costs. Users benefit from insights on optimal trade costs, exchange rates, price impact, and gas consumption, thus enhancing the trading experience.
In its operation, uDEX connects to major decentralized exchanges, comparing rates across them to find the best trading conditions. The platform's routing algorithm strategically searches for the most favorable rates, often splitting orders across several exchanges, especially effective for large transactions. For example, in certain trades, the algorithm may choose a multi-step conversion process to ensure the best rate, illustrating uDEX's commitment to offering efficient, cost-effective trading solutions for its users.