Uniswap vs 1inch Token vs Totle
What problem does this service solve?
Uniswap allows users to trade Ethereum tokens without a middleman. | 1inch allows traders to find the best rates across multiple exchanges. | Totle provides a decentralized trading platform that maximizes liquidity across multiple decentralized exchanges. |
Token Stats
Not Relevant |
Company Description
Uniswap is a decentralized exchange that facilitates automated transactions between Ethereum-based tokens. It is designed to be an open-source platform with an automated market maker (AMM) model. Instead of using an order book, token trades are facilitated directly between users through a liquidity pool and prices orders with an algorithm that relies on the equation x*y=k to create a price spectrum for token pairs available in the liquidity pools provided by other users. Uniswap tokens are used as a governance token and as an incentive for users to fund the liquidity pools. Since the platform is decentralized, all the trading fees collected are distributed among the liquidity providers; according to the share that they provide in the liquidity pools. | The 1inch token is used as a governance token for the 1inch network, which is a decentralized exchange (DEX) aggregator that connects multiple DEXes into one platform, and allows its users to find the most efficient swapping routes across all platforms. 1inch allows traders to source the best liquidity options and rates from different exchanges without having to check them manually. | Totle is a decentralized cryptocurrency exchange. Totle provides a platform that aggregates trades from other decentralized exchanges and makes it easier to access liquidity pools for a variety of DeFi assets at the best possible price. |