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Glossary · Defi

What is a DEX aggregator?

A DEX aggregator checks many exchanges and pools and routes your swap through whichever path returns the most tokens after fees.

How does a DEX aggregator work?

Liquidity for one pair is usually scattered across several DEXs and pool types. An aggregator quotes them all and picks the route that returns the most. It can split one swap across several pools, or hop through an intermediate token, to cut price impact. On Solana that mostly means Jupiter. On EVM chains, 1inch, 0x and CoW Swap do the same job.

Hypothetical example: swapping $50,000 of USDC into a mid-cap token through a single pool loses 2 percent to price impact. An aggregator sends 60 percent through a concentrated pool, 30 percent through a standard one and the last 10 percent via SOL, and the impact drops below 1 percent.

Routing does not remove every cost. A quote can go stale between the moment you see it and the moment the transaction lands, so slippage tolerance still matters. Complex routes burn more compute or gas. Some aggregators also offer RFQ or intent-based modes where professional market makers fill you directly, which can cut your exposure to MEV.

And an aggregator creates no liquidity of its own. If a token has one thin pool, no routing algorithm makes a big trade cheap.

Also called: swap aggregator, aggregator.

Where does a DEX aggregator show up in Cashboard?

Cashboard does not quote, route or execute swaps. Raydium pools and Trending on-chain show where pool liquidity and volume sit. In the desktop app you can embed a swap site in a Web app widget; the browser version opens it in a new tab.

Frequently asked questions

Is Jupiter a DEX aggregator?

Yes. Jupiter started as a swap aggregator for Solana and still routes trades across Solana DEXs such as Raydium, Orca and Meteora. It has since added other products, including a perpetuals exchange.

Related terms

Last reviewed . Market data in Cashboard comes from the providers named on each widget and may be delayed. Nothing here is financial advice.