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 plentyย of features focused on enhancing the trading experience for users.
Matcha rolled out a new transaction mode for users wasย known โMatcha Autoโ that makes transactions twice as likely to be included in theย following immediate block whilst reducing the chances of a failed transaction trade.
Inย addition, Matchaโs DEX liquidity sources jumped 47%, while the number of cryptoย 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 Ethereumย (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 โfinds intelligent ways to chop your trade into pieces to route chunks of it to different markets to accomplish the best price,โ stated co- founder Will Warren to CoinDesk.
Reportsย by 0x Protocol Explorer, Matcha in the past 30ย days had approximately 16,900 users and 60,310 trades atย theย timeย ofย publication. Total volume in the same time period asย ofย now stands at nearly $529 Million, with an average trade size of $8,760.
โIn a world where there are billions of cryptoย tokens, there are dozens of different blockchainย tech networks and there are hundreds of different decentralized exchanges scattered across them, figuring out where to go, toย beย ableย to buy or sell a cryptoย token and get the best price gets increasingly complicated,โ added Warren. Aggregation and supplying a multichain product like Matcha is โgoing to become increasingly valuable for users over time.โ
Oliver Knight.
