1inch Network
1inch is an Aggregation Protocol Network that unites decentralized protocols whose synergy enables the fastest, most lucrative and protected operations in the DeFi space. The platform has 540K+ users and a total volume of $70 billion+. It facilitates cost-efficient and secure atomic transactions by utilizing a wide range of protocols and performing argument validation and execution verification. The governance and utility token for the platform is self-titled 1INCH. The 1inch Liquidity Protocol is a next-generation automated market maker that protects users from front-running attacks and offers capital efficiency to liquidity providers. The 1inch Limit Order Protocol is perhaps the best feature of this DApp, allowing users to enjoy the most innovative and flexible limit order functionality in DeFi. Its implementation of the Chi GasToken makes transactions on 1inch up to 42% cheaper than swapping tokens on Ethereum. Chi tokenized gas that is pegged to the Ethereum network’s gas price, but the difference is that Chi is used on 1inch and Curve while GasToken is used across the entire Ethereum network.
AirSwap
AirSwap is a peer-to-peer network. A simple combination of web protocols and smart contracts powers its RFQ (request-for-quote) style protocol. There are two kinds of liquidity providers on AirSwap: those running their own HTTP servers to provide liquidity, and those managing on-chain delegates that swap on their behalf. Each swap is between two parties, a signer and a sender. The signer is the party that creates and cryptographically signs an order, and the sender is the party that sends the order to the Ethereum blockchain for settlement.
QuickSwap
QuickSwap is a fork of Uniswap that runs on the Polygon network (formerly Matic Network), a Layer-2 scaling solution for Ethereum. Polygon has lower transaction fees compared to the Ethereum mainnet, enabling QuickSwap to facilitate token swaps at a lower cost relative to exchanges like Uniswap.
SushiSwap
SushiSwap (SUSHI) is a fork of UniSwap. Unlike Uniswap, which follows Automated Market Makers (AMM), SushiSwap is a user-oriented platform where users provide liquidity in lieu of rewards. It is an audited Decentralized Exchange (DEX) and DeFi protocol described as “Uniswap meets Yield Farming” with SUSHI tokenomics. The protocol’s native token SUSHI is used to govern the platform. SUSHI holders also receive a portion of SushiSwap’’s trading fees. SushiSwap is funded by an anonymous group that goes by the name Chef Nomi.
UniSwap
Pink unicorn-branded UniSwap is perhaps the most popular DeFi protocol used to exchange cryptocurrencies. The protocol facilitates automated transactions between ERC-20 tokens on the Ethereum blockchain through the use of smart contracts. Uniswap empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all. UniSwap V3 was released in May and boasts the most flexible and efficient automated market maker (AMM) ever designed. $UNI is the native token of the Uniswap protocol. Holders of UNI are entitled to governance rights and voting privileges on changes to the protocol, while liquidity providers can receive UNI tokens for their contributions. With its user-friendly interface, UniSwap makes it easy to swap DeFi tokens.