![images.jpeg](https://images.hive.blog/DQmdFuT8WTD4kUAi6mySAX51yZ9U8u3VtaCofmqviUfaMFj/images.jpeg)

Hey there creatures of the Hodl-space, It’s Otto11 here, and I believe you’ve been having a great September... right? right?

Today I'll be talking about the new, well not new per se but a multichain DEX that stands out and keeps innovating, Newdex.

Now, here we will start by talking about... 

1). Aggregated trading.
a). Types of Aggregators.
b). Advantages of Aggregators.

2). Aggregated token information.
a). Advantages of token information.

3). Newdex’s development of Aggregated token information.




Aggregated trading:

The word Aggregate means a material or structure formed from a loosely compacted mass of fragments or particles.

What am I saying?

See, It's like this: imagine that you're trying to make a special meal for some of your friends that are coming over.

And here you can't tell if they're going to be having second servings or even thirds, well the natural thing to do here is to "guesstimate" right?

But why? 

Because you obviously haven't made that much before and since it's going to be the main dish.

It's expected that the seasonings and spices aren't excessive so as not to turn a pleasant visit to toture. 

My point here is this : Aggregated Trading is a collective estimate of the best prices and rates in the market.



Don't get it yet?
Okay,  keep reading...




What are Types of Aggregators?

Before we move on to talk about the advantages of Aggregators, we should know that there are two types which are ;

a). Information Aggregation.

b). Trading Aggregation


#### a). Information Aggregation -

Information Aggregation in the DeFi space means recording and taking into account all the available information of the marketplace and forming expectations about future events if they're possible or not.

These in simple terms can be explained by traders using charts to determine where an asset moves in the marketplace.


Okay, so going back to my seasoning analogy now, let's say you decide to consult the mighty  oracle called the internet...lol!!

And then you get a few suggestions like making the meal in another way entirely or even ordering out so there would be enough or not mess it up.

By gathering data (information) from the internet you would see how people have been able to handle situations like that.


#### b). Trading Aggregation -


In trading Aggregation, the DEX uses the accumulated data from a lot of markets and exchanges to facilitate and help split trades to offer the best possible prices. 

By doing that the aggregators make it possible to easily carry out all trading commands while at the same time giving the best calculations to give users the option to perform split trades in other words keeping to protocol.

##### Or 

So after getting the info you need by using the internet, let's say you find a balance, the balance here would be you putting "just enough" of the seasoning but not too much of it.

Since you've gotten just what you need, now you can take decisive action.

 Hey, hey don't be distracted by the meal though pay attention...lol


So … 

 #### What are the Advantages of Aggregated Trading?

The best prices in the market.

Saves money on fees.

Prevents Market manipulation.
Provides a deeper pool of liquidity for large amount traders.



Aggregated token Information -

Looking at Newdex as an example Decentralized exchanges are peer-to-peer trades that are not needing a middleman, because DEXs do not fully compile information about token listings there have been cases of buyers purchasing a fake version of on Decentralized exchanges.

To prevent this, Newdex will prepare a comprehensive token information database and aggregate token information in the entire blockchain network.

This will help prevent…


Advantages of Aggregated Token information -

Preventing scams 
Accurate token prices across all markets 



Now talking about …
Newdex -

As earlier mentioned one of the major feats of the DEX is it's current listing on the Binance Smart Chain, plus it's usual perks like Aggregated Token information and more.

Newdex has also listed over 1800+ tokens and is aggregated with Pancake, Mdex, ApeSwap to name a few of the DEXs it is connected to.

[Screenshot of Newdex trading path]

Before I leave though…

Here's a little walk through on how Newdex Aggregator Dex works and how you can make transactions.

##### Step 1:
You would need to navigate to go to https://bscdapp.newdex.io/ on the dApp browser of your wallet (Trust wallet or Token Pocket )

![Screenshot_20210928-204918.jpg](https://images.hive.blog/DQmaQoZhkA77yMp9FKNy8prCH7zArC9fQb77YhJ1fu5MU2j/Screenshot_20210928-204918.jpg)

##### Step 2:
Connect the wallet at the top right of the site

![Screenshot_20210928-204931.jpg](https://images.hive.blog/DQmajXUxRXxme8x5XxwSRKRoYYGze1gR87fp3EWwThCLCga/Screenshot_20210928-204931.jpg)

##### Step 3:
Select the assets you want to trade and press the “confirm” button

![Screenshot_20210928-204940.jpg](https://images.hive.blog/DQmYAwAeQWqnK3HCAMmvRNwYd1BneeyTT9HnXy5LGQp7pqr/Screenshot_20210928-204940.jpg)

There, all done, easy as pie.


That's all folks Otto11 here, have a good one