 aggregator, has launched its beta platform, offering exclusive access to a select group of users.){kind=link}
Titan, the first meta-decentralized exchange (DEX) aggregator in Solana, announced the opening of its beta platform, which would first grant private access to a limited group of users.
As the layer above DEX aggregators such as Jupiter or DFlow, Titan’s meta aggregation gathers all quotes from DEX aggregators and directs the user to the best one at no cost.
This guarantees that, depending on their trading profile, the user has access to all on-chain liquidity and the full suite of available algorithms.
Titan Unveils Talos Alongside Beta Platform
Titan has created a proprietary algorithm called Talos that outperforms rivals 80% of the time in addition to meta aggregation.
In addition to sifting through a lot more liquidity sources with optimal capital allocation, Titan uses special mathematical models that aren’t yet utilized in the Solana ecosystem to allocate routes to basis point precision.
This is a huge advance over the industry norms already in place on Solana.
Chris Chung, CEO and co-founder of Titan, says “Titan’s aim is to provide DeFi traders with the best possible prices while abstracting away the complexity involved. Today, crypto trading lags behind traditional markets in its order placement design.”
They add, “Transaction signing typically takes 10-12 seconds, creating a huge lag and opening the door to MEV bots to exploit this inefficiency. It’s time for us to upgrade our infrastructure and close this gap, and that’s what Titan is designed to do.”
Also Read: TRON Founder Hints Towards $TRX Soon Being On Solana
What Problem Will The New Beta Launch Solve?
The fact that a user usually receives a quote prior to execution—which takes about 10 seconds or 25 Solana blocks—is one of the main disadvantages of on-chain swaps.
This indicates that by the time it is used, the quote is largely out of date.
Titan has resolved this problem with the launch of the beta platform. Quoted routes are regularly re-evaluated to provide users with an up-to-date perspective of how well their quotation performs, allowing for fair option comparison.
As a result, a real-time stream of up-to-date pricing data is produced.
New Beta Platform Launch Also Comes as Solana Gains Market Hype
As a fierce rival to Ethereum, Solana has become very popular because of its quick and inexpensive transactions. The ability of Solana to process thousands of transactions per second using its novel Proof-of-History consensus mechanism makes it a desirable platform for NFTs and decentralized apps (dApps).
Its expanding ecosystem, which is backed by projects, investors, and developers, has helped it become more well-known in the cryptocurrency market.
Additionally, consumers looking for efficiency have chosen Solana because of its great scalability and lower transaction fees. As a result, Solana keeps gaining traction and is known as a top blockchain platform.
Also Read: Solana’s Daily Transaction Fees Plunge To $648K On March 9, Down From $33M On January 19