DeFi (decentralized finance) is an infrastructure of financial services based on blockchain technology that lets people trade, lend, borrow and earn interest directly, without banks or intermediaries.

A DeFi exchange is a decentralized platform that enables users to trade cryptocurrencies directly with each other using smart contracts, without intermediaries like banks or centralized exchanges. It gives traders full control over their funds and enables peer-to-peer transactions on the blockchain.

1inch Swap began as a DEX aggregator, combining liquidity across multiple exchanges to find users the best swap rates. Now, it’s a lot more - with intent-based swaps and cross-chain functionality built on atomic execution to keep assets safe. But it’s still built on the principle of uniting liquidity from across the ecosystem to make crypto swaps more efficient and return better token prices.

A DEX aggregator helps users swap tokens by combining liquidity from several decentralized exchanges to secure better prices. The advanced DEX aggregator accessed through 1inch’s Pro interface can split a single trade across different platforms and market depth to reduce slippage and access better pricing. Explore better swap rates in the 1inch dApp or Wallet.

A DEX aggregator searches multiple DEXes to find the best token prices, lowest fees, and most efficient routes for your swap. This saves you time and money compared to using a single DEX.

To order a token swap on 1inch, go to the 1inch dApp or 1inch Wallet, choose the token you want to swap and the token you want to receive, select the network(s) and mode, then hit the Swap button. For more details, visit the Help Center.