How 1inch stands out from other DEXes?

Whenever I need to do on-chain swaps of tokens, 1inch is always my first DEX to check for pricing because it almost always give me a better swapping price compared to Uniswap. If you have not heard about 1inch before, it is an “aggregator” of DEXes, which aggregates liquidity from multiple decentralized exchanges, allowing users to find the most favourable prices for their trades. They have an algorithm from the back-end to automatically select the most cost-effective trading route for your token swap, which also takes into considerations the liquidity, slippage, and fees across different DEXes that it is aggregating. So effectively, it helps you to look for the best price across all the major DEXes so that you don’t need to do it manually yourself. Pretty cool right?

I first used 1inch since more than 2 years ago. When I compare the pricing from 1inch against other DEXes and aggregators, 1inch almost always give me the best pricing for my swap. Sometimes the price quoted by 1inch is almost 5% cheaper than the second best quote I can get. I believe it is due to the large number of DEXes that 1inch is aggregating its liquidity from, as well as the more sophisticated algorithm used by the project. Although I did not have an accurate calculation, 1inch has helped me saved at least USD 100 in the past 2 years.