Decentralized Exchange THORSwap Introduces New Feature Aimed at Better Price Execution for Large Trades

Called Streaming Swaps, the feature is designed to improve capital efficiency for decentralized finance users who want to execute large trades.

AccessTimeIconAug 2, 2023 at 2:57 p.m. UTC
Updated Aug 2, 2023 at 3:23 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

THORSwap – a multichain decentralized exchange aggregator – introduced yesterday Streaming Swaps, a new feature aimed at reducing slippage and getting better price execution for large decentralized finance (DeFi) trades.

Slippage, the difference between a trade’s expected price and the actual price at which the transaction is executed, typically transpires when volatility is high or market liquidity is low.

  • Why Injective's INJ Has Surged 3,000% in 2023
    00:52
    Why Injective's INJ Has Surged 3,000% in 2023
  • How Spool Is Aiming to Help Institutions Enter DeFi
    11:05
    How Spool Is Aiming to Help Institutions Enter DeFi
  • How a New Tax Proposal From the IRS Could Impact DeFi
    00:46
    How a New Tax Proposal From the IRS Could Impact DeFi
  • Injective Survey Suggests Many Traders Use Both Centralized and Decentralized Exchanges
    08:17
    Injective Survey Suggests Many Traders Use Both Centralized and Decentralized Exchanges
  • Before the introduction of Streaming Swaps, if a crypto user wanted to execute a large trade and achieve lower slippage on THORChain, they would have to manually divide the swap into several smaller transactions, resulting in higher gas fees. With the new feature, large swaps are broken down internally on THORChain, resulting in a single outbound transaction, “allowing for potentially a more favorable average price,” according to a blog post.

    Streaming Swaps is aimed at attracting new users, liquidity and volume as “the goal is to outperform centralized exchanges (CEX) in speed, privacy and price execution,” per the blog post.

    RUNE, the native token for THORChain has increased almost 1% in the past 24 hours to 93 cents, per CoinGecko. Its total value locked stands at roughly $90 million, data from DefiLlama shows.

    Edited by Nelson Wang.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Sage D. Young

    Sage D. Young was a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.