Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Totle – An Aggregator Of Decentralized Exchanges

Totle – An Aggregator Of Decentralized Exchanges

Kelly Cromley by Kelly Cromley
Aug 4, 2018
in News
Reading Time: 3 mins read
0

Cryptocurrencies are an outcome of decentralized blockchain technology. However, when it comes to trading cryptocurrencies, centralized exchange rules the market. While exchange such as Binance executes trades worth more than $1 billion per day, decentralized exchanges put together trades merely a little over $20 million in an entire month.

Some of the decentralized exchanges are struggling to do even a volume of half a million per day. This might soon change with the arrival of Totle, a platform that aggregates order flow from multiple decentralized exchanges.

The beta version of Totle has been released and can be used to execute trades. The platform aggregates price quotes from Bancor, Kyber, Forkdelta and other decentralized exchanges (DEX). So, rather than visiting multiple decentralized exchanges, a user can simply use Totle platform to complete the P2P exchange. Depending on the volume of order placed and liquidity available in various exchanges, Totle’s smart contract platform executes the trade in a single or multiple decentralized exchanges.

Totle’s CEO David Bleznak said

“We have a family of contracts that act as the on-chain component to our routing system. A user submits orders to our parent contract and then passes the order to the handler contract for the appropriate exchange venue. The handler, or child, contract then acts as a taker to decentralized exchange. All necessary transactions are bundled together and mined in one block and therefore atomic and trustless. Our users only end up with their orgiinal assets or their new desired allocations.”

Six smart contracts work in unison to make this possible. Regarding auditing of smart contracts Bleznak says

“We are working on private audit with many groups right now, there are no public audits to report right now.”

Bleznak further stated

“Yes, the contracts do not store funds… see Bancor hack – we are not susceptible to this type of situation because we do not store liquidity in contracts, we simply relay orders to the DEX venue for the best execution.”

When Bancor was hacked, traders did not lose any of their crypto holdings as it is a p2p trading platform, but Bancor lost its own funds. Therefore, smart contracts should be bug free. Any issues in the smart contract can put Totle and even traders in trouble. Therefore, a public auditing would increase trust on the exchange.

As mentioned earlier, Totle’s smart contracts have the ability to execute partial orders. However, the order routing algorithm is obviously kept as a secret. However, the execution happens on the blockchain.

Regarding future plans, Bleznak said “plan to allow developers to build on the endpoints of our open API.”

The process would be as follows

“A user submits a request to the service specifying which token they would like to buy or sell. It searches across a list of DEXs to find any order that has the potential to fill the request. Orders from the DB. Real-time price discovery. It traverses across the array of orders found filtering out only the best orders.”

Bleznak also revealed that the “orderbook search is done off-chain with this method off aggregation allowing for savings on trading of “about 10-20% on average.” As of now, a trader will not be able to place limit orders. Only market buy or sell order is possible.

Regarding limit orders Bleznak said “We are working on a separate interface for market makers to place limit orders.”

One of the interesting future planned by the Totle team is margin trading. This would be achieved through the use of a decentralized lending platform called Lendroids. Totle is also working with Bloqboard.

It is also rumored that Coinbase’s Toshi, a free Bitcoin API for developers, is planning to add Totle to their DApp browser. However, Bleznak refuses to divulge details about that project.
Presently, Totle does not charge any fees for using the platform, but might change in the future.

Bleznak said

“Normal and familiar fees will be added for the convenience we provide, however because we can partially fill among multiple venues/protocols, we can provide better execution inclusive of our fee rather than the user going directly to one of the venues themselves due to slippage.”

Previous Post

Coinbase Releases Plugin For Merchants To Accept Crypto Payments

Next Post

Bank of Thailand Permits Banks To Deal In Cryptos via Subsidiary

Related Posts

coinmarketcap-hit-by-supply-chain-attack

CoinMarketCap Hit by Supply Chain Attack, Wallets Drained

by Kelly Cromley
Jun 23, 2025
0

CoinMarketCap, a leading platform for tracking cryptocurrency prices, recently experienced a significant cybersecurity breach involving a supply chain attack that...

kazakhstan-unveils-solana-economic-zone

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
0

Kazakhstan has formally introduced the Solana Economic Zone Kazakhstan (SEZ KZ), becoming the first country in Central Asia to establish...

space-id-partners-with-enkrypt-wallet

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
0

SPACE ID has expanded its service capabilities through a strategic integration with the Enkrypt wallet, aiming to streamline crypto transactions...

iost-signet-ring-biometric-wearable

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
0

The evolving Web3 landscape is witnessing a growing emphasis on digital identity technologies, especially as a response to rising concerns...

arichain-partners-with-hero

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
0

Arichain, a decentralized platform recognized for its developer-centric infrastructure and scalability, has embarked on a strategic collaboration with HERO, a...

web3-decision-partners-with-arichain

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
0

Web3 Decision, a recognized provider of AI-driven and quantum-secure technologies for blockchain applications, has launched a strategic partnership with Arichain,...

Next Post
Bank of Thailand Permits Banks To Deal In Cryptos via Subsidiary

Bank of Thailand Permits Banks To Deal In Cryptos via Subsidiary

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

coinmarketcap-hit-by-supply-chain-attack
Market News

CoinMarketCap Hit by Supply Chain Attack, Wallets Drained

by Kelly Cromley
Jun 23, 2025
kazakhstan-unveils-solana-economic-zone
Market News

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
space-id-partners-with-enkrypt-wallet
Market News

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
iost-signet-ring-biometric-wearable
Market News

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
arichain-partners-with-hero
Market News

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree