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Aggregators on BNB Chain: Scaling Liquidity, Access, and User Experience
Recorded: Sept. 24, 2025 Duration: 0:51:30Space Recording
Short Summary
In a recent discussion, leaders from OpenOcean, LeFi, and 1inch explored the evolving role of aggregators in DeFi, emphasizing partnerships, user experience improvements, and the need for comprehensive solutions. They highlighted trends in user confidence, liquidity management, and the future of aggregators as essential infrastructure in the blockchain ecosystem.
Full Transcription
Music Thank you. Music Thank you. Music Thank you. Thank you. Hello, hello.
Hello, hello everyone.
Thank you for joining.
This is Tom here from the BNB Chain BD team.
A lot of DeFi talk in the industry around various topics,
and we're here to talk about an important one that helps everybody with the user experience
on DeFi. So today we're going to talk about BNB Chain aggregators, and we have three dear guests here today. Maybe let's start with some
introductions. Why don't you tell us a little bit about how you are, I mean who you are,
what the aggregator focuses on and why BNB chain. Let's start with OpenOcean.
Thanks Tom. Thank you so much for inviting us here to be here.
My name is Guy, and I work on the growth and business development team for OpenOcean.
Some of you might know us. We are one of the Binance Labs inceptive projects.
So BNB chain was the very first chain that we launched on.
Our modus operandi is value, selection, safety and security above all else.
We have probably the biggest selection of networks integrated under the hood.
And we offer a full complimentary DeFi suite for B2B platforms.
That's the summary about us and why we started on BNB Chain.
Happy to dive into it more a little bit later.
Sorry. Thank you.
Why don't we dive next with Dow Sasha at 1inch.
Guillaume, Tim, thanks a lot for having us.
Dow Sasha and Hiding BD at 1inch.
And 1inch, basically at 1inch as an aggregator,
we have just only one mission to make sure users always get
the best price and deepest liquidity across different chains.
And over time, we grew into much more than swap.
So it's basically now swaps, limit orders.
We have a Fusion Plus API for the partners, and now even exploring RWAs.
And the YBNB chain, because it's where scale meets retail.
So low fees, strong community, and real user activity.
This is the things that we really need in TFI.
And we wanted to be here
we wanted to be here earlier also by Nance labs our early supporters which
we are very appreciated and this has helped us to build liquidity depth and
the safer UX yeah thanks a lot for looking forward for the fruitful
conversation thank you that was Sasha.
And finally, Arjun.
Hello.
Thanks a lot for having us. I'm
Arjun. I lead research at
LeFi. LeFi is a cross-chain
bridge index aggregator.
Our specialty is
that more than
just swaps, we also do bridging.
So we support 50- plus chains right now.
And BNB chain was, of course,
one of the first chains that we added in the early days.
And the reason is simple, right?
Like Binance has built such a big brand
and so many users use Binance and BNB chain
and the ecosystem is super vibrant.
So there's just a lot of activity going on,
and every team would, of course,
love to have an active ecosystem of participants,
and that's why we've been on Binance since day one.
Great. Thank you, Arjun.
All right, let's dive into it.
Why don't you guys tell us a little bit
about what's under the hood here.
How do you guys ultimately ensure that users get the best price possible and deepest liquidity when trading on BNB?
Maybe let's start with, well, OpenOcean. There we go.
Yeah, that's all right.
I'll jump in here.
Yeah, fantastic.
So best price, deepest liquidity.
So we obviously try and make sure
that we maintain the deepest liquidity index possible
on any network that we integrate.
For example, we classify a V2 and a V3 deployment,
order book, CLOB as individual liquidity sources um i think on
buying on bmb chain we have 59 individual liquidity sources and we're always growing
um what we try and do is obviously take first mover advantage in terms of integration so we
have a very large engineering team and we you know we always try and make sure that if there's
a new dex liquidity pool uh that we're always aggregating that, and especially sort of liaising with the ecosystem teams for kind of
maximum reach and output. In terms of on-chain pricing, you know, I think aggregators, you know,
are made or broken on their pricing models. And I think that we're at a place today where the OpenOcean API and the V4.5 of our
routing algo is stronger than ever before. And that's used just to deliver on-chain accurate
pricing. We power lots of dApps and other projects in the space. And with a lot of models on these
meta-ag models, we only win routes when we have the best price execution.
So we're always kind of in competition with other providers, you know, for particular swap routes.
And we're always doing ongoing analysis, reworking the algorithm. And on our Twitter page,
we actually just shared recently that we just launched our new update v4.5, which, you know,
just launched our new update v4.5, which, you know, on a super, super high level, just essentially
looks to break down transactions into, you know, smaller, more manageable chunks. And that includes
our nice MEV protection under the hood. So yeah, I mean, you know, I'll say again, aggregators are
made or, you know, made on their pricing models. And I think for us using the combination of, you know, off-chain
pricing, oracles, and numerous sources that we use, we're always able to deliver a really accurate
price. But, you know, with aggregators and efficiency these days, you know, we might have
during a very turbulent market, we might have a better price in one hour and one inch might have a better
price the next hour. But what we all aim to do is reduce our quoting differentials to other partners
and make sure that we're as accurate as possible on chain. Yeah, that's pretty much what we use.
Thank you, Guy. Let's hear regarding best price execution maybe from Leafa.
Yeah.
I can jump in here if you want on Leafa.
Go ahead.
It doesn't matter.
I can follow up afterwards.
Go ahead.
In that sense, we're a meta aggregator.
We aggregate projects like OpenOcean and OneInch and many others. So we're basically comparing prices across aggregators to make sure you get the best prices.
like hardest thing to scale because like in terms of the concept it's very easy right like
if you aggregate more and more sources technically you should get the best prices but then when you
do that at scale and when you do that for like hundreds of thousands of users like systems
break down so like our vote is basically making sure that these services work at scale because
some of our customers like the uh binance Web3 wallet, like Phantom,
they need to have a reliable service.
So we make sure to get these codes
served to all of their customers whenever it's needed.
Got it.
Thank you, Arjun.
And I'll say, sorry for turning you off before.
The mic's all yours.
Sure, thanks. So at one end, the course was from the very beginning, after Uniswap created the course, our Pathfinder algorithm. So it doesn't just draw to swap through one DEX. It can split it across many, even like 20 plus in one transactions to squeeze out the final price.
And on BNB chain, that means that you don't basically worry if liquidity is spread across
pancakes, swap, dodo, or others. We put together it basically in one click. And it's like booking
a flight. Instead of searching 10 sites, you see the cheapest combined option instantly but basically right now a couple of
years ago we improved this even more by inventing the intent based swaps which is fusion plus
and fusion we started from fusion first where basically we um similar to uh
that what co-swap is doing we invented invented the third party called resolvers, we call
it resolvers, which are basically gathering liquidity all over the market.
And for example, in the first case scenarios, there was a potential risks of the sandwich
attack and with the intent-based swaps, have a mv protection uh by design and resolvers those
third party they're basically checking liquidity sources not just taxes as we we do on pathfinder
algorithm they also can gather uh liquidity from the centralized exchanges or private liquidity
pools and then or even bring their own liquidity so thus thus, with this, we improve the rates even better, even more.
And we keep doing this by also optimizing the smart contracts.
So, for example, there was a period of time when if you go swap directly to Uniswap, for example,
If you go swap directly to Uniswap, for example, and then swap within one inch through Uniswap,
you get even better price because our technical talented devs team are usually optimizing the smart contracts
of the DEXs as well, in terms of the gas costs specifically.
in terms of the gas costs specifically.
So this is the couple of basically things
that we're doing on our site
to make sure that our beautiful community users
are having the best rates.
Got it. Thank you, Nelsasja.
Now let's move on a bit to discuss user experience.
Obviously, user experience has been a bit of a pain point for DeFi
ever since the crazy days of 2020.
But thankfully, aggregators have been able to help a lot on that front.
What would you say are still the biggest UX problems in DeFi today?
And what does your particular platform do in order to be able to make things easier for users?
Yeah, I'll jump in here.
We obviously take a very slightly different approach to one inch and Li-Fi.
I think we all have our own niches that we do really well at Li-Fi on the meta ag level.
One inch is a fantastic product in of itself.
That's why we kind of tried to target more the B2B space, more specifically the UX, UI
troubles that a lot of platforms or dApps face in that space.
Let's say for instance, you know, just kind of breaking it down a little bit,
you have a platform that launches and the new token is kind of the sole focus of the project.
But, you know, they only have a liquidity pool up on, you know, pancake swap or whatever it might be.
Increasing ways for like native users to be able to interact with that project via things
like widgets, swap widgets, DCAs, limit orders, those extra facilitators to access the other
DeFi verticals for a DAP. And that's kind of what we help out with. And I think that's still a
massive UX UI problem that I have nowadays. You know, how many
websites can you name where they're like, oh, you know, they've got their token listed and you click
through to buy the token, it just sends you off to Uniswap where they capture the volume, they capture
the fee, they capture the user's attention and kind of interrupt that journey for them to kind of,
you know, undertake with the individual project. So I think from a B to B to C perspective,
that's the kind of thing that we're solving.
Obviously, you know, when we boil it down to a very base level,
we're all pushing for the most efficient swaps on chain.
But it's the other actions that we can kind of take on top of that,
to kind of build on the swap focus.
So whether that might be something like, you know,
specific limit orders for a DEX, and they don't have the ability to. So whether that might be something like, you know, specific limit orders
for a DEX, and they don't have the ability to go and build that out, or an integratable DCA function
that's completely non-custodial. So, you know, they just give permission to do swaps at specific
intervals. So I think that, you know, on a very fundamental level, an aggregator is just swaps,
but there's so much that we can build on top of that.
And I think that is the biggest UX problem
that we're solving is kind of mostly listening to platforms,
you know, seeing the issues that they're facing
and then seeing, you know,
how can we build something for you around this
to kind of, one, make your life easier,
two, make it better for your community members,
but three, you know, it's good for us as well
because we're winning that volume and we're winning those swap routes. So I'd like to think
that we are making, you know, users' lives better on a B2B perspective. In terms of that being the
biggest UX problem, I'm probably not sure, but I mean, that's the kind of things that we're looking to solve on a B2B level.
Got it.
And moving from B2B, maybe a bit to B2C, maybe Dal, Sasha, would love to hear one inches perspective here.
Yeah.
Yep.
Well, the truth is that DeFi today is still intimidating for the average user that's what
i think so think about what the new new user faces first they need to set up a wallet often
across multiple multiple chains then they must bridge assets approved tokens adjust gas fees
because slippage and on top of that, basically constantly worry, am I doing this right?
Would I lose my money just by pressing confirm? And that's the biggest UX problem, friction and fear.
Even people who've been in crypto for years sometimes mess up approvals or transactions,
actually, even myself. And well, at 1inch, we believe aggregation should solve not only liquidity,
but also complexity.
That's why we build the features like Fusion.
No need to set up, flip it.
The system handles it automatically.
No need to pay gas feed resolvers, cover it for you.
No hidden steps.
The swap is packed into the single optimized transaction.
But for the users, it feels like as smooth as Web 2.
You click once, it works,
but under the hood,
it's still fully decentralized,
non-custodial and trustful,
trustless like we use it in our industry.
And in simple words,
we take the headache of DeFi,
gas, slippage, approvals, routing,
and turn it into the basically
invisible background processes.
The user only sees the result.
I got the best deal and it just worked.
And hopefully we will, I mean, there is some things which is we are missing for sure.
We need to improve like on basically on the industry level.
But that's how we move DeFi from being a playground for advanced users to being a platform where anyone can participate
safely and needily.
And I hope we will keep improving it by basically providing more solutions cross-chain and account
abstraction and social login features can help us even more.
And one other thing that really I see in the industry is these AI agents and each individual step that I mentioned previously.
There will be kind of AI agents that guide people that they are doing something wrong or right.
That will be even better.
That's how we can reach the first billion of users in DeFi.
Got it.
I like what you said there about invisible background processes.
Hopefully, the whole industry can take some note of that
and overall take the user experience a little bit more that way.
Arjun, what about you guys at LeFi?
I mean, of course, I agree with both of your points, right?
Like, Tao Sasha, you mentioned how there's so many details
for a user to figure out in terms of, like, making a transaction.
But I feel like a core reason why LeFi exists today
is because there are so many chains.
Like when we started out, we started out with like five chains, right?
But then today we see five chain launches every week.
So I feel like from a user's perspective, just figuring out how to move funds from one
chain to another and then getting into the right asset is still the biggest user experience
problem.
Like just last week, we had the Aster launch, right?
And people were trying to figure out, okay,
how do I deposit my funds into Aster?
And then with chains, does Aster support?
So I feel like at Leafa, at least our major main goal is basically
to provide users with the access to all of these chains that they want to
get into, right? And then from a company perspective, like let's say you're a wallet and
you're trying to build a user experience that allows this for your users, there's a lot of work
needed to kind of like aggregate all of these sources and then simplify the user experience.
So from our perspective, like we're a B2B business first.
So we provide an API
to kind of abstract all of that complexity
and then making sure that these teams
can add these features
without having to spend,
you know, three months
building out this particular functionality
and then having a full team of developers
just maintaining these features.
So like a lot of our work and a lot of our resources are spent in that direction
so that teams in the crypto ecosystem more broadly do not have to worry about these issues.
Got it. Thank you, Arjun.
Let's talk about things beyond swaps, maybe.
Just curious here. Let's talk about things beyond swaps maybe.
Just curious here, are you guys exploring or evolving
or adding soon other features in DeFi
such as perpetuals or RWAs?
We see a lot of projects attempting all-in-one solutions.
So just curious to hear if any of you guys
are thinking about expanding beyond swaps.
I think we've kind of started to
on a more like individual product level.
Obviously the aggregation platform,
you know, when we started was initially just swaps
and actually we were just, you know, front end facing. But over time, the, you know, if we started was initially just swaps. And actually, we were just, you know,
front end facing. But over time, the, you know, if you go onto our front end, that has morphed into
a, I like to use the word crypto Swiss army knife. So, you know, in a fact that we have
perps, bridging, we have limit orders and DCAs, which you can undertake directly on OpenOcean
itself.
In terms of the broader scale and the broader picture, we are obviously always interested in exploring new avenues.
I think we did just recently come to an agreement for a launch on a new RWA chain.
And so that's always exciting.
For us, though, we do do like we are probably in excess of 95 percent of all of our volume comes
from the back end so from the b2b side um so for us it's just about making sure the the swap
service is as good as as good as it can be but then also including other unique routes within
that swap service so things like um peg stability modules and token minters and making sure that the platforms that we work
with have the ability to access those with as much throughput as they want. And so I think we are
going to continue to add new tools and features to our front end. I would like the ratio of
our front end. I would like the ratio of audience and traffic capture to be a little bit higher,
but I think our current efforts at the moment are expanding our B2B backend service.
We will continue. We do still add new yield opportunities, and we're always in search of
where is a new ecosystem we can tap into for you know, for perpetuals. And I think there's a few trending ones at the moment and especially like, you know, all eyes on Aster at the moment.
So it is definitely something that we consider moving forward as like, you know, what extra features do we use to expand the OpenOcean front end?
And then I think on a general, you know, on a more general perspective, we've been pretty aggressive in looking for, you know, clients, projects to work with in both the AI agent and agentic field and the RWA side.
So definitely we, you know, we are swaps first and we are business oriented first.
but we do keep adding new features to the front end just in,
in order to keep our community members happy and to kind of create that
another Avenue of capture from the front end. But yeah,
lots of exciting stuff happening in the space.
And I'm personally really excited.
Okay. It just cut out there.
Been doing a little bit of research recently into, into RWA.
So very exciting. So I had someone tried to phone me. So I think it just cut out there. Been doing a little bit of research recently into RWA, so very exciting.
So someone tried to phone me, so I think it just cut out momentarily.
Got it. Thank you, Guy.
Let's hear from Oneage.
What do you guys have going on beyond swap?
Yeah, I would agree, actually, that RWA is a big trend.
But when aggregators first appeared, the mission was very narrow.
Basically, help people swap tokens at the best price.
That solved a big problem for the users
that basically they just want more than just swaps.
They want the full, now, the DeFi toolkit.
Well, the things that we are now researching
is basically two options.
First is we're also moving into B2B direction
where we're providing the developer portal option
for the wallets and basically front-end platforms
that might need swaps, but not just the swaps,
basically the full DeFi opportunities.
It is the beyond swaps where we have other APIs
like token pricing APIs, gas APIs, et cetera.
You can check it out.
And then the other side, real-world assets,
this is the frontier.
More treasures, private credits, real estate, even commodities are being tokenized now.
But the challenges that we faced, we launched this thanks to the Fusion option.
We launched the RWA option.
And now it's a tradable with one inch in a couple of wallets.
But the real challenge is the access and liquidity.
They spread across different issuers and protocols,
and aggregator can become the on-ramp to AWS.
One interface that shows where your basic yields are
and what's available and the roots and the capital efficiency, but this is still not the user experience that you can get
into when you go into NASDAQ and this is where we need to improve.
But the traction that we are seeing right now is really make us happy.
really make us happy and we're going to improve it by basically providing more maybe solutions
that are available with us not just on the maybe back stock shift secretize all this
solutions that are existing in the market and working with more liquidity providers market makers that can make this happen
in a very good proper way so basically yeah weas that we're that we're exploring and b2b solutions
that we're providing something that we're focusing on beyond swaps
got it thank you excited and looking forward to it um arjun, why don't you tell us what's on LeFi?
I mean, I would say we're hyper-focused on swaps
and value transfer use cases in general.
I feel like when you talk about yield and perpetuals,
we're talking about more horizontal expansion, right?
Like you're basically adding new product categories.
Like, and I think we honestly keep things very, very simple
and very focused in a way
where all of our focus is on swaps
and like the bridging use cases.
And there's an infinite amount of work
in that vertical itself
because as more and more chains launch,
you always have something new to aggregate
and something new to offer, right?
So in terms of expanding beyond swaps,
I feel like swaps are definitely interesting,
but our focus is always on how do we provide access
to these solutions instead of launching
in different product categories.
Thank you, Arjun.
And then now onto discussing an important topic
that kind of ties to user experience,
or actually I would say ties in a lot,
but security and trust.
And I know that Sasha touched a bit about this when we discussed the user experience question.
But it would be great to hear from you guys just how do you guys handle routing or give us a sense of trust and security regarding each one of the platforms.
Yeah, basically the security is the foundation of defi don't trust verify
uh because here one mistake uh doesn't mean support ticket it basically can mean money
gone forever and that's why for us at one inch everything starts with trust through transparency. So basically, we are non-custodial by design.
One inch never touches your funds.
You keep full control in your wallet.
We only wrote transactions,
and that's the first and strongest layer of trust
that we believed in.
But the solution itself,
routing your swaps is,
I would say, not I would say, but basically it's the most auditable solution that we have.
We're almost, when we're releasing the new feature, upgrading the protocol, we have at least 10 security audits every time. So when we audited with more than 100 security auditors, basically, and we always try the new one.
So if you are a security auditor, just reach out for us.
The second, basically, it's open source and audited.
That's what I already mentioned.
And we don't ask you to believe.
We give you the tools to verify.
Anyone can look at the code.
And that's basically the second thing that everyone has to consider.
Basically, when it comes to bug bounty and community testing, that's what we always do.
We run ongoing bug bounty programs with millions of rewards, and even now, if you want, you can just check it out.
It's another bug bounty program, which was basically activated, I think, a few weeks ago.
And this is where we also like following this decentralized approach, where we just allow the community to test.
The track record of one inch is that we have processed the hundreds of billion
in volumes over the years and still keep our reputation on. And yeah, that's maybe a few
things. What I wanted to think, what else? Maybe about the Pathfinder routing the the one that when we aggregate the liquidity our routing engine is
transparent and users can basically see exactly which pools and the decks is uh their swap goes
through and uh this is also all about the transparency and nothing is hidden behind the
black box so basically when we say security in top of mind it's not just about audits or marketing
um it's about building a system where the safest safest thing a user can do is basically nothing special. Just use the product and trust is
built in.
That's what basically we are following.
Got it. Thank you though, Sasha.
How about Guy at
OpenOcean? What do you guys
do in terms of
security?
I think Sasha made
some excellent points.
100% trust comes from transparency.
And again, you know, I'd like to double down in saying that, you know, everything that we offer,
all of our routers, all of our swaps, everything can be tracked on chain. All of the partners that we work with, you know, we build individual dashboards for so they can access, see, you know, service providers where we can be highly sort of
customizable over the roots assets and, you know, the particular tools that we use for a particular
deployment. But yeah, no, I think every single aggregator in this space needs to be operating
at this level, you know, where users can come and just trust us to be able to handle their swap
and not have to have maybe a concern
in the back of their head.
One out of every hundred swaps might be subject to
a sandwich attack or let's say rooted through a pool
with ill liquidity.
So we do also have various safety
and security mechanisms in place
so that when any users are transacting
either through one of our partners
that uses us on the backend or through the OpenOcean front end or API directly to protect
and make sure that all of their trades are rooted with as little slippage as possible and ideally
maximum efficiency. I think we kind of doubled down on this with the extra tools that we released,
so like the limit orders and the DCA
is kind of going back to these DeFi verticals. Both of those tools that are kind of gaining
traction on the DEX market side are non-custodial. And I think that's a kind of big step forward
for a lot of platforms is to be able to offer the non-custodial tool suite.
Users keep hold of their funds the whole entire time.
We swap at specific intervals.
And, you know, that just means to say that, you know, touch wood,
God forbid anything were to happen, users' funds are entirely, you know, 100% safe.
And I think that's something that a lot of us are kind of working towards
is making sure that users do feel safe if they are parking their
funds in contracts, if not, if they're just custodying them and we are transacting on their
behalf. So yeah, I, you know, security is always our number one focus. We do maintain open bug
bounties and we, you know, we regularly audit all of the, all of the work that we publish,
you know we regularly audit um all of the all of the work that we publish including like our dca
limit swap router everything is auditable and verifiable um and so yeah i i think it's something
that we all need to take super seriously and i think moving forward with you know with the
increase in like social logins and more access opportunities i think safety is definitely at
the forefront of concern in everyone's mind.
And I would just, yeah, encourage individual users as well to just be very security conscious when interacting with, you know, new protocols, new platforms, new dApps. And generally, I would
say, you know, we end up learning through mistakes that we've made ourselves in the past. So yeah,
that's pretty much us on security. a lot of kind of very similar to what
Sasha said from the one inches perspective I think we both take that extremely seriously
um and and Li-Fi as well obviously um I'm curious to I'm curious to hear what uh Arjun has to say
on this as well I mean like I feel like security is definitely uh the top priority of any company
in this space right so I definitely agree with both of your points.
And of course, like all the teams here spend a lot of resources
in audits, bug bounties, and then like pen testing
so the system works at scale.
But I feel like a less talked about factor
with aggregators specifically is like users are trusting us
to basically ping all the
different liquidity sources that we say that we've aggregated right so i feel like that transparency
is super important that we're working as intended uh and that we're actually fetching quotes from
all the different liquidity providers that we've aggregated so that's something that we've aggregated. So that's something that we're working at LeFi where not only can you, of course,
check who executed your transaction,
but you can also check that we pinged
all the different APIs of different providers
and you actually got the best price
in the ecosystem at that moment.
I actually want to add one more thing,
if you don't mind, Tom.
I like what basically was mentioned, OpenOcean was mentioned regarding the MECA and compliant part,
because it's another way of the security where you don't like, the self custody is a very good thing and but it's also some kind of the reason risks of being uh the money that will will be processed from the basically
non-verified pools or non-verified wallets and this is another level that uh at least one i
believe everyone is taking care of but we have to pay attention and basically make sure that users that are
using our platform will be protected.
So it's like a solution that we are using.
We have this shield API, where we aggregated several sources that is email protection,
that has some blacklists, like blockade, terror and lapse, channel analysis, the other scan. So we're basically trying to also keep the users of money safe and honestly still blocking those that were mentioned in any scenario.
So this is one important thing that I think has to be mentioned.
Got it. Thank you, Delos Vasha. And now for the final question of the day,
let's discuss the future of aggregators a bit.
I know we touched a bit regarding specific features.
We touched a bit regarding the fact that all of you guys started maybe as just a simple swap.
But what's in the future?
What's ahead for aggregators?
What do you expect the particular role to be?
I'll dive in first.
Yeah, I know.
I think aggregators are essentially the backbone
or the backbone and the front door to defi for a lot
of projects and apps and especially for a lot of users you know we are the infra that's powering
maybe their first foray or exploration into this space so the ux has to be absolutely solid um i
see definitely a lot more nowadays is the meta aggregation model being rolled out.
So aggregators, obviously, like Li-Fi is already on the meta ag level, but those comparing a multitude of sources to be able to get the best price.
I think that's good because obviously it pushes all of us to deliver the best efficiency that we can.
And I think that the space is heavily evolving.
And I think that the space is heavily evolving.
There's been some traction on Solana with the likes of Prop AMMs, where market makers couldn't quote really tight.
And I'm looking forward to the conversation of that, deploying on more chains.
I think when you kind of rid a lot of the toxic flow from the swap space, you can get superior on-chain efficiency, which is the metrics we've been seeing. And I, for one, am very excited about some new primitives coming to B&B as
well. And especially on the kind of PropIMM side, I'm excited to see, you know, we've been speaking
with a few projects behind the doors and kind of seeing the expansion to BNB and other ecosystems coming out as well. So, yeah, we're here.
We're here to build for 2025 and 2026 moving forward.
We'll obviously look at tackling more ecosystems to be able to help out on our B2B client side.
But I think that we are going to be the backbone of DeFi and the future kind of moving forward
as more and more projects
look to come on chain, especially from the centralized exchange side. So yeah, I think
it's going to be a very exciting time. And obviously, we're here to support and grow the
next wave of dApps that are going to take us to, you know, 2026 and onwards a few years.
I think that's everything that I kind of was thinking about the future of aggregators.
I'm not sure how much more I can say on that point. Obviously, a lot of us have got to be
really adaptable to the current market trends. We do see some big players coming out in the space,
which might inform some of our decision making and where we look at operating next.
But yeah, this space moves so fast, I can only kind of forecast a certain but yeah this space moves so fast i you know i can only kind of
forecast a certain amount into the future thank you guy and i'm glad you touched on uh the prop
amm subject because it's a prime example of a kind of a newish uh trend coming up um obviously with
uh the ultimate idea for especially for you guys as aggregators,
of improving that price execution at the end of the day.
What about you, Arjun?
Where do you see the future of aggregators?
I mean, I feel like right now there's a lot of focus on all the track 5 in tech institutions coming into
crypto and coming on chain
like right now they're focused on the stablecoin
layer and probably they're building their own chain
for like the payment use case
but I feel like the eventual
future looks like
all of the markets of course come on
chain right like they started with stablecoins
the different
assets are being tokenized so those assets are coming on chain and right? Like they started with stable coins, the different assets are being tokenized.
So those assets are coming on chain.
And I feel like eventually everything will be on chain.
And as an aggregator, like our job is to aggregate
all of these different markets and make sure
that they're available to the users, right?
So I feel like right now the focus is on stables.
At some point it will be on the broader DeFi ecosystem, and that's where the aggregators will truly shine.
I don't think many more protocols in this space are expanded across the depth of the ecosystem as aggregators are.
The number of chains, the number of assets our projects support at the moment, it's a wide list, right?
So like when these market participants come on chain, like it'll be a prime opportunity for all of us to expand and serve those users.
Thank you, Arjun. And finally, Dalsasha, would love to hear.
Actually, I like what Guy basically mentioned
about the front door
that basically the aggregators
is a front door of DeFi.
It's, you know, like
thinking about Google that became
a front door of the internet or Expedia
for the flights. That's basically
aggregators will be
starting point
of the DeFi activity.
And I think that is basically
we need to move from just
best swap rates to now
as the market evolving,
we have to be best
road across all DeFi.
So this is what we have to
basically be provided.
And that includes basically trading, which is sports, limit pairs, yield, which is staking, vaults, RWAs, liquidity management.
And even I already mentioned about the AML and even compliant layers has to be aggregated on our level.
line layers has to be aggregated on our level.
And I think this is that will move us from the just B2C adoption to the institutional
future for DeFi.
And this is where I see the future of DeFi.
So I don't see us competing with the trade line with institutions.
with the trade-fi and with institutions, I see us as an additional real feature to basically
allow all the institutions to get into DeFi in the most sufficient way that they're comfortable
with. And this is what we are missing, improving some kind of institutional uh user experience by
having maybe more compliance features more opportunities for trading guilt and liquidity
liquidity management um yeah so basically actually uh on the b b b and b chain specifically the role
is even bigger because b and b has the most active retail user base in the world.
But basically, also, even through the RWAs, there is a growing institutional interest
by aggregating liquidity and building transparent routing.
We create liquidity highways that both communities, retail institutions can drive on.
that both communities, retail institutions can drive on.
So basically, kind of, not like for one inch,
I would maybe say for my vision, it's simple.
Users shouldn't care where the trade or yield comes from.
They should just trust that they got the best outcomes in one click.
Developers and institutions shouldn't have just built the aggregation themselves.
They have to plug into our API, any API that they are comfortable with, that matching their
needs to get instant access to deep and optimizing quality.
I'm seeing the future where you open the, I don't know, Revolut app, and you see two options, either like classic Web2 experience with the cache, and then the digital assets script experience, which looks similar.
And this user, G5 user experience is provided by one of us, hopefully one inch.
We'll see who will be the most efficient.
I think that we have the whole world here to basically achieve together.
Thank you, yeah.
And we actually see some centralized exchanges
experiencing with that model with the whole,
here's a centralized exchange
and here's the DeFi Web3 wallet part of things.
But yeah, overall, I think the future of aggregators will be
super important. I mean, just drawing the analogous situation of traditional financial markets. I mean,
most players and most retail users don't go directly to the NASDAQ or the New York Stock
Exchange to trade. They rely on trusted intermediaries. So here with aggregators,
we have even more trusted players to help users with execution price and everything.
And finally, obviously, helping with user experience. There's too much going on behind the scenes
and in the code in this industry.
And I'm glad that aggregators are here
to help retail users continue experiencing the space.
And all right, everyone.
With that said,
we are finished with our aggregators discussion. I really want to thank
OpenOcean, LeFi and OneInch. Thank you guys and hopefully looking forward to having another
discussion soon to see how everyone's growing and how we can make the user experience in the
industry better. Hey, hope to see you guys in Singapore soon
and talking 2049.
Yeah, thanks a lot for the invite.
And I think we'll be at Buenos Aires in November.
Ben, see you there.
Thanks a lot for hosting us.
Have fun.
Bye, guys.
Have a good rest of the week.
Thanks, guys.
Bye-bye. Thanks guys. Bye bye. Thank you.
