The latest iteration is focused on enhancing the trading experience for users.
Exchange infrastructure provider 0x has released its latest iteration of Matcha, a decentralized exchange (DEX) aggregator, which incorporates plenty of features focused on enhancing the trading experience for users.
Matcha rolled out a new transaction mode for users was known “Matcha Auto” that makes transactions twice as likely to be included in the following immediate block whilst reducing the chances of a failed transaction trade.
In addition, Matcha’s DEX liquidity sources jumped 47%, while the number of crypto tokens indexed on the platform skyrocketed from 11,000 to 3.7 Million tokens.
Each decentralized exchange has varying prices for cryptocurrency assets, as the price for Ethereum (ETH) may differ betwixt Uniswap and SushiSwap. A DEX aggregator compiles the prices of a cryptocurrency investment from numerous exchanges and lets users find the best price for their trading.
Matcha compares all the prices across different markets for users and “finds intelligent ways to chop your trade into pieces to route chunks of it to different markets to accomplish the best price,” stated co- founder Will Warren to CoinDesk.
Reports by 0x Protocol Explorer, Matcha in the past 30 days had approximately 16,900 users and 60,310 trades at the time of publication. Total volume in the same time period as of now stands at nearly $529 Million, with an average trade size of $8,760.
“In a world where there are billions of crypto tokens, there are dozens of different blockchain tech networks and there are hundreds of different decentralized exchanges scattered across them, figuring out where to go, to be able to buy or sell a crypto token and get the best price gets increasingly complicated,” added Warren. Aggregation and supplying a multichain product like Matcha is “going to become increasingly valuable for users over time.”