Orion Introduces 0% Fee Model for DEX Trades, Beating Uniswap
Centralized and decentralized exchange aggregator Orion has announced its zero percent fee model for decentralized exchange (DEX) trades, making it more cost-effective than Uniswap. Unlike most DEX platforms, Orion does not charge any commission on trades, allowing users to retain more of their cryptocurrency.
Uniswap Imposes Fees on Swaps
Starting October 16, Uniswap began implementing a 0.15% fee on swaps involving assets like ETH, WBTC, and USDC. This additional fee is in addition to the protocol fees that can be imposed through governance. With this new interface fee, Orion offers a more affordable alternative to Uniswap while also providing access to a wider range of liquidity sources.
Orion’s Competitive Pricing
While Uniswap claims its 0.15% fee is cheaper than other automated market makers (AMMs) that can charge up to 1%, Orion continues to maintain its zero percent fee for DEX trades. Additionally, Orion charges as low as 0.25% for centralized exchange (CEX) trades, making it more cost-effective than most AMMs, including Uniswap. Furthermore, Orion offers stablecoin swaps with pricing as low as 0.03%, making it cheaper than stablecoin platforms like Curve.
The Value of Zero Fees
Stephane Doueihi, DAO Ambassador of Orion, highlighted the significant losses traders experience due to fees imposed by DEX platforms. These fees can accumulate over time and result in thousands of dollars in lost value. Doueihi emphasized that users should be able to keep their crypto and maximize the value of each trade. With Orion’s zero percent fee for DEX trades and a low fee level of 0.25% for CEX trades, Orion aims to be the most cost-efficient aggregator in the market.
Accessing Deep Liquidity with Orion
Orion supports tier-one exchanges such as Binance, OKX, and KuCoin, allowing traders to access their desired assets at the desired price point without experiencing slippage commonly found on other DEX platforms. For on-chain swaps, Orion’s zero-fee structure enables users to avoid Uniswap’s 0.15% fee and retain more value in their personal wallets.
About Orion
Orion is an exchange aggregator that combines liquidity from top centralized and decentralized exchanges. It provides traders with access to a wide range of crypto assets and ensures competitive pricing. With its zero percent fee for DEX trades, Orion surpasses other aggregators like Uniswap and Curve, enabling users to retain more value with each trade.
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Hot Take: Orion Disrupts the Fee Model for DEX Trades
Orion’s introduction of a zero percent fee model for DEX trades sets it apart from competitors like Uniswap. By eliminating fees, Orion allows users to maximize the value of their trades and retain more cryptocurrency. This disruptive approach challenges the traditional fee structures imposed by DEX platforms and emphasizes the importance of cost-efficiency in the crypto space. With access to deep liquidity from top exchanges and a commitment to providing competitive pricing, Orion aims to revolutionize the way traders engage with decentralized finance.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen’s contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.
