Decentralized Exchanges (DEX): Principles, Risks, and Opportunities
On DEX platforms, users manage their own funds and trade directly from their wallets. The article explains how DEX works, its main types, and key risks.
2025-10-24
Learn how route aggregators help find optimal DEXs and save on token swaps.
Decentralized finance has long since stopped being experimental. Today it’s a full-fledged part of the crypto economy where users swap assets without intermediaries. According to DefiLlama, in 2025 the daily trading volume via DEX is around $4–6 billion, and their market share continues to grow. More and more people choose these platforms because trades are executed through smart contracts—meaning safely, quickly, and without third-party control.
In this article you will learn:
But the DeFi market is still inconvenient for users. Each venue has its own rate, its own fee, and a different level of liquidity. The same swap can cost differently, and finding the best option manually is hard—especially for larger amounts. Route aggregators help with this. They automatically check dozens of DEXs and choose the most favorable option. Thanks to them, trading in DeFi has become simpler and clearer.
Unlike centralized exchanges, DEXs operate on the AMM model (automated market maker). Users add tokens to a liquidity pool and receive a share of the fees. When one token is bought, its amount in the pool decreases and the price rises.
This mechanism is efficient but creates DeFi slippage, where the final rate turns out worse than expected. On popular pairs like USDT/TRX, the difference usually does not exceed 0.3%, while on low-liquidity tokens it can reach 5%. On a $10,000 trade a user can lose hundreds simply due to price movement.
Each DEX sets its own parameters. To choose the best option, you need to consider:
Manually searching for a good rate takes time and increases the risk of error. That’s why a liquidity aggregator has become an essential tool for DeFi users.
A route aggregator connects to multiple DEXs and liquidity pools. It collects data on prices and fees, then splits the trade across sub-paths. The user simply enters the amount and tokens, and the algorithm selects the best route.
Main stages of operation:
Modern solutions such as 1inch, Odos, and ParaSwap use dynamic swap routing that adapts to liquidity conditions and fee levels. If the network is congested, part of the trade is routed through a more favorable path. This reduces total costs by roughly 1–2% on large volumes.
To understand how 1inch works, it’s enough to open its interface. The Pathfinder algorithm breaks a trade into sub-paths and selects pools with the best liquidity-to-fee ratio. This approach makes the swap precise and reduces slippage even in smaller pools.
Thus, a token swap aggregator automates the search for advantageous routes and makes DeFi trading accessible to any user.
Route aggregators solve several tasks at once and make token swaps faster and more cost-effective.
Key advantages:
According to open analytics platforms (DefiLlama, TokenTerminal), using route aggregators reduces users’ average costs by 1–5%, depending on liquidity and network. This makes them a key element of 2025’s DeFi toolset and accelerates the shift of traders from centralized exchanges to DEXs.
There are dozens of solutions on the market, but only a few are recognized as the top DEX aggregators and have set the industry standard.
Such a comparison of DEX aggregators shows that each platform solves its own task, but together they form the foundation of modern DeFi infrastructure.
Route aggregators have significantly changed the DeFi ecosystem and made the market more efficient. They unified liquidity across DEXs and networks, simplified the search for favorable rates, and increased trade transparency.
Main effects of their adoption:
Thanks to aggregators, DEX liquidity has become global. Users get market prices without arbitrage distortions, and traders can move assets between networks without losses. All this confirms that the DeFi route aggregator has become one of the key tools of the new financial architecture.
However, any DeFi solution carries risks. Even reliable route aggregators depend on smart-contract security. Code vulnerabilities, routing errors, or fake interfaces can lead to losses. For example, in the case of Transit Swap in 2023, users lost over $21 million due to a contract bug.
To mitigate risks, follow a few simple rules:
Even the best DeFi tools of 2025 require attentiveness. Security in DeFi starts with the user, and mindful use of aggregators makes trading not only more profitable but also more reliable.
The TRON network is known for stability and high transaction throughput. Fees depend on consumption of Energy and Bandwidth—the blockchain’s internal resources required to process a transaction. Typically, resources are paid by burning TRX.
When transferring USDT TRC-20, energy consumption depends on the wallet state:
At an exchange rate of 1 TRX ≈ $0.32, the transfer cost is $2.1–$4.3. Besides paying with TRX, there is an option to rent TRON network resources. Through the Tron Pool Energy service, costs drop to 3 TRX if the wallet already has USDT, and to 6 TRX if it doesn’t. This allows savings of up to 65% and enables transfers without keeping TRX on balance (provided an Unlimited connection is enabled).
Route aggregators, including JustMoney Router and OpenOcean, take real-time network energy consumption into account. They choose routes with minimal costs and ensure stable DEX liquidity. Together with energy-management solutions, this makes TRON one of the most cost-effective networks for swap routing and DeFi swaps.
Today, TRON ranks in the top three by stablecoin volume. There are over 52 billion USDT TRC-20 in circulation, and daily transactions exceed 9 million. These metrics make TRON a leader in throughput and fee predictability.
Route aggregators have become an integral part of DeFi. They unite dozens of DEXs, make trades more favorable, and reduce fees. Networks like TRON amplify this effect. The Energy and Bandwidth system keeps fees stable, while Tron Pool Energy helps save on swaps and control expenses.
If you’re wondering how to choose a DEX aggregator, focus on liquidity, the number of supported networks, and optimization for TRON. In the coming years, route aggregators will become even more precise, and the use of AI will enable real-time liquidity forecasting.
Route aggregators and resource services together make DeFi more reliable, cheaper, and clearer for every user.
The material is for informational purposes and is not financial advice.
It’s a service that automatically finds the best token swap rate across different DEXs. It aggregates data from dozens of venues and helps execute a trade faster and more profitably.
A DEX executes swaps only within its own liquidity pools. A route aggregator analyzes several DEXs at once and chooses the optimal option with minimal fees and slippage.
The most well-known are 1inch, Odos, ParaSwap, OpenOcean, and JustMoney Router. They operate across different networks and support thousands of tokens.
The algorithm compares prices, fees, and liquidity across DEXs, then splits the trade into sub-paths and automatically executes it through the most favorable pools.
Yes—if you use vetted platforms with smart-contract audits. It’s better to avoid unknown interfaces and always verify contract addresses on the blockchain.
Yes, TRON supports route aggregators, including JustMoney Router and OpenOcean. They support swap routing and take Energy and Bandwidth consumption into account. If you connect Tron Pool Energy, network costs drop to a few TRX per transaction, making DEX swaps as efficient as possible.
USDT TRC-20 is supported by JustMoney Router and OpenOcean. They optimize swaps within the TRON network, and when paired with the Tron Pool Energy service, they allow you to reduce transfer fees.