Cross-Chain DEX Aggregators: What is that?

First-generation decentralized exchanges (DEXs) offered an alternative to centralized exchanges (CEXs) by permitting token swaps with zero transaction costs. However, order books were still necessary and liquidity issues continued. The automated market maker (AMM) concept resolved this issue by using liquidity pools instead of order books. AMMs provide an incentive for liquidity providers to provide token pools and collect fees produced by traders who execute swaps. However, the market remains fragmented, with various DEXs lacking liquidity relative to their CEX equivalents. As a consequence, DEX aggregators have formed in order to consolidate this dispersed liquidity into a single platform. Unfortunately, multichain accessibility is restricted due to the fact that DEX aggregators are largely ERC20-based and can only link to Ethereum liquidity pools. They also struggle to compete with centralized alternatives…
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