TradeX is a DEX aggregator, which means it leverages multiple Automated Market Makers (AMMs) such as PancakeSwap, Uniswap, SushiSwap and others.
Unlike trading on a single AMM platform, such as PancakeSwap, TradeX allows users to access multiple pools and compare prices across different AMMs, giving them more options by enabling a broader range of tokens and opportunities to find the best pricing for their trades.
Simply put, it's a one-stop shop for all your trades, making it easy for users to swap by removing the need to navigate various platforms.
What is an Automated Market Maker (AMM)?
It is a type of Decentralized Exchange that uses algorithms to determine the price of tokens. This is based on the supply and demand methodology, making it possible to trade without the need for a traditional market maker & order books used in Centralized Exchanges (CEXs) & the Stock Market.
AMMs are widely used for on-chain decentralized trading across many blockchains, offering a more accessible and transparent experience.