DEX Aggregators

There are multiple ways to do spot trades on Solana. You can either trade directly with a centralized exchange (CEX) such as Binance or Coinbase, a decentralized exchange (DEX) such as Orca or Raydium, or a DEX Aggregator like Titan or Jupiter. If you trade through a CEX/DEX, you are only sourcing liquidity for your trade from one venue, which may not offer the best price.

In traditional finance markets, brokers are connected to multiple sources of liquidity to source you the best price if you have an account. In crypto, the only way to do this without dedicated infrastructure and multiple compliance checks is to aggregate the liquidity among DEXes. Platforms that offer these are called DEX Aggregators.

The problem that DEX Aggregators face are fairly unique. In traditional markets, the speed is so fast (nanoseconds) that order flow must be processed almost instantly, but in crypto markets, there is enough distributed liquidity and enough time to deploy advanced analytics to find the best possible route.

DEX Aggregation on Solana is especially strong due to the network's low fees. This makes it feasible to find complex routes that provide better prices without it being absorbed by extremely high gas prices as in Ethereum. Due to this, DEX Aggregators are the preferred way for users to trade on low cost chains in order to maximize their asset's value.

A full explanation can be found here on Solana's current DeFi ecosystem: https://titandex.io/blog/titan-dex-ecosystem-241009.