Hybrid Aggregators Democratize Access To The Entire Crypto Industry

With the rise of decentralized finance, the cryptocurrency industry is innovating more rapidly than at any other time. But with this growth and innovation comes new challenges, especially for crypto traders, who often struggle to find the best prices and liquidity as they struggle to execute trades across the multitude of platforms available.

Given these difficulties, crypto traders are showing more interest in so-called exchange aggregators, such as RocketX, which provide a way to access all of the top trading platforms and swap tokens across them in a highly efficient way. The advantage of these platforms is that traders can find the best possible prices and ensure there is sufficient liquidity available to execute them seamlessly.

DeFi Poses Tricky Obstacles For Traders

Navigating the DeFi landscape has become a major quest for crypto traders, with its growth resulting in the emergence of some key pain points.

One of the biggest challenges is the fragmented nature of the DeFi market, where multiple exchange platforms and applications exist in what are effectively bubbles, operating on different blockchains that cannot talk to each other easily. This is a nuisance because it means the available liquidity in DeFi is spread across hundreds of platforms, as opposed to existing in a single, large pool. Decentralized exchange (DEX) platforms typically have far less liquidity available than their centralized (CEX) counterparts. As a result, traders struggle to obtain the best prices for their trades.

Another key problem is the user experience, with many DeFi platforms characterized by a clunky and difficult-to-understand user interface that many struggle with. Because of the fragmentation in the space, users are forced to contend with numerous decentralized applications and processes that are less-than-intuitive. For those who’re familiar with the straightforward experience offered by most CEX platforms, the step up to the world of DEXs comes with a steep learning curve.

The lack of liquidity and the clumsy user interfaces makes for difficult experiences, with users struggling to conduct transactions, access the tokens they need and tracking their assets across multiple platforms. It’s for this reason that crypto aggregators are emerging as a viable alternative.

CEXs Have Their Problems Too

CEX platforms have their issues too, with the biggest being that they’re centralized. Companies such as Binance, Coinbase, Kraken and Gemini retain full control of their users’ funds and data. CEX users do not control their private keys, meaning they have to trust that the platform will allow them to withdraw their funds when they request them. This can be extremely risky, as we found out last year with the sudden collapse of FTX, previously the world’s second-biggest CEX by trading volume.

CEXs can also experience unforeseen downtime due to technical failures or if the government authority requests that they halt their business operations. Another problem is the limited number of tokens offered by CEXs, and the lack of transparency that results from their centralized nature.

The Rise Of Crypto Aggregators

With both types of platforms having significant disadvantages, smart crypto traders are increasingly turning towards so-called aggregators instead. Most of these new platforms are focused on one kind of exchange or the other, meaning they’re generally either a DEX or a CEX aggregator.

DEX aggregators such as fees, since no central authority is involved in the transactions. Examples of DEX aggregators are 1inch, OpenOcean and CrowdSwap, which work by connecting to multiple DEX platforms, combining the available liquidity on each into a single, much larger pool. They also aggregate their order books. Then, by analyzing the smart contract data from each of these platforms in real-time, they can facilitate user’s trades through the most lucrative path possible, a technique that’s come to be known as best price routing.

CEX aggregators do much the same thing, and they provide a way for users to access centralized exchange platforms without depositing their funds within them. However, even these platforms are still constrained by the minimal number of tokens available to trade.

CEX aggregators offer access to greater liquidity, whereas DEX aggregators provide the most options for traders with their vast numbers of supported tokens. But for the best of both worlds, investors would do well to consider what’s known as a hybrid aggregator.

Hybrid Aggressors On The Rise

This is where RocketX intends to make its mark, with its platform aggregating more than 250 CEX and DEX platforms into a single portal that can be accessed via a secure user interface or API. Rockets bills itself as the industry’s biggest super-aggregator, paving the way for users to access the entire crypto market from one place, with the best and most up-to-date prices available in real time.

Because it covers such a large number of exchange platforms and supports all of the leading blockchain networks, RocketX offers users access to more than 15,000 crypto tokens. What’s more, it’s non-custodial, so users get to retain control of their funds while trading across all leading CEX and DEX exchanges.

Another feature is that users can link multiple wallets, enabling them to swap tokens between them with minimal swapping fees. Interoperability across different blockchains is made possible with a single click, meaning users can trade tokens across chains at the lowest possible prices. It provides features that allow users to compare the price of tokens across its hundreds of supported CEXs and DEXs through a single window. At the same time, its price data is updated autonomously in real-time.

The RVFScan.io tool within RocketX enables traders to access in-depth analytics and track the performance of individual tokens, and there’s an enticing referral and affiliate program for users to refer their friends and earn commissions of up to 50% of their user fees.

Privacy is also optional, with users able to trade within the daily limits of any CEX platform without submitting themselves to a KYC check. For those who’re willing to do this they can enjoy an unlimited trading experience across any platform. According to RocketX, users only need to undergo its relatively simple KYC process once, and then access all of the leading CEX platforms thereafter.

RocketX’s utility token RVF provides additional perks to holders, including lower fees based on the number of coins they hold.

Perhaps the best thing about RocketX is its API, which enables developers to integrate its portal into third-party dApps, so they can offer an integrated and seamless cross-chain trading experience at the lowest possible price to their users, without ever leaving the dApp.

The Most Streamlined Trading Experience

RocketX provides one of the most secure and hassle-free platforms in the entire crypto industry, allowing users to trade tokens seamlessly across any chain or protocol in just a few clicks, while paying lower gas fees and finding the best possible rates. When using a hybrid aggregator like RocketX, there’s no need to check multiple CEX and DEX platforms for the best prices, meaning traders can focus all of their energies on analyzing market trends to make the most profitable trades.