1. What Is OKX Trade?
OKX Trade provides users with an all-in-one cross-chain transaction aggregation service. Using intelligent order-routing algorithms, it identifies the most efficient exchange routes and splits swap amounts across multiple paths in a single transaction—helping users buy or sell at the best possible price.
Currently, OKX Trade leverages 1inch, an Ethereum-based blockchain aggregation protocol. Its proprietary order-routing algorithm ensures users enjoy a highly efficient, transparent, and cost-effective cross-chain experience.
2. What Is a Cross-Chain Swap?
A cross-chain swap enables direct asset exchanges between different blockchains without sequential processing. It uses algorithms to pinpoint the most cost- and time-efficient cross-chain route. OKX DEX seamlessly integrates with 20+ cross-chain bridges and supports 16 blockchain networks.
Key Features:
- Multi-Route Bridging: Finds optimal paths to convert Token X on Chain A to Token Y on Chain B.
- Integrated Swaps: Accounts for potential swaps before/after bridging via supported DEXs and bridges.
3. What Is a DEX?
A Decentralized Exchange (DEX) is a blockchain-based trading platform. Unlike Centralized Exchanges (CEXs), DEXs don’t store user funds or personal data on centralized servers. Instead, they execute on-chain activities—like asset custody, order matching, and settlements—via smart contracts.
DEX vs. CEX:
| Feature | DEX | CEX |
|---|---|---|
| Ease of Use | Wallet login only; no KYC needed. | Requires account registration/KYC. |
| Asset Control | Users retain full custody. | Assets held by platform. |
| Token Variety | Lists niche tokens not on CEXs. | Limited to platform-supported assets. |
| Speed | Slower (on-chain transactions). | Faster (off-chain order matching). |
| Gas Fees | Users pay network fees. | No gas fees; platform handles costs. |
4. What Is an Automated Market Maker (AMM)?
An Automated Market Maker (AMM) is a decentralized exchange protocol that uses algorithms to provide liquidity for specific markets.
How It Works:
- Liquidity Pools: Users (LPs) deposit pairs of tokens (e.g., ETH/USDC) into smart contracts.
- Pricing Formula: Assets are priced via mathematical equations (e.g., Uniswap’s
x * y = k). - Swaps: Traders interact directly with the pool; no counterparty is needed.
Key Concepts:
- Slippage: Larger trades incur higher price impact. More liquidity = less slippage.
- Passive Income: LPs earn fees from trades in their pool.
Example: To become an LP in an ETH/USDC pool, deposit $150 ETH + $150 USDC.
5. What Is a DEX Aggregator?
DEX aggregators source liquidity from multiple DEXs, split trades across optimal routes, and execute swaps in one transaction—ensuring better rates than individual DEXs.
Benefits:
- Best Split: Compares rates across DEXs (e.g., Uniswap, SushiSwap) and distributes orders (e.g., 50% Uniswap, 22% Kyber).
- Smart Routing: Calculates multi-step swaps (e.g., sUSD → USDT → ETH) for optimal pricing.
👉 Explore Cross-Chain Swaps with OKX Trade
FAQ
Q1: Is OKX Trade safe to use?
A: Yes. OKX Trade uses audited smart contracts and doesn’t hold user funds.
Q2: How do I minimize slippage?
A: Trade during high-liquidity periods or use limit orders.
Q3: Which wallets support OKX Trade?
A: MetaMask, Trust Wallet, and other EVM-compatible wallets.
Q4: Are there fees for using DEX aggregators?
A: Small protocol fees apply, but savings from better rates often offset these.