XRP continues to dominate the South Korean cryptocurrency market, maintaining its stronghold over trading volumes on local exchanges.
XRP Continues to Dominate South Korean Crypto Market
CRE: Times Tabloid / CC0
XRPL Labs recently announced the launch of a new decentralized exchange (DEX) aggregator on the XRP Ledger (XRPL). The aggregator, dubbed “Xumm DEX Aggregator,” is now available via the Xumm Wallet extension and mobile application.
According to the announcement, the Xumm DEX Aggregator enables users to access liquidity from multiple DEXes on the XRPL and obtain the best prices for their trades. The service currently supports four DEXes: XRPL DEX, Xumm DEX, GatewayScan DEX, and DEX.AG.
To utilize the aggregator, users can connect their Xumm Wallet to the Xumm application programming interface (API). The service then displays a list of available DEXes and allows users to select the ones they wish to trade on.
Once the DEXes are selected, the aggregator combines their order books and presents users with the best bid and ask prices across the chosen platforms. Users can preview the trades before submitting them to their preferred DEX.
The launch of the Xumm DEX Aggregator marks a significant step towards enhancing the trading experience on the XRPL. By providing access to multiple DEXes and enabling users to obtain the best prices, the service aims to cater to the growing demand for decentralized trading on the XRP Ledger.
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