THORSwap, a multichain decentralized exchange aggregator, has unveiled a new feature called Streaming Swaps to reduce slippage and improve price execution for large decentralized finance (DeFi) trades. Slippage, which is the difference between a trade’s expected price and the actual price at which the transaction is executed, is often caused by high volatility or low market liquidity.
Previously, 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 introduction of Streaming Swaps, 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.
The goal of Streaming Swaps is to attract new users, liquidity, and volume, as it is designed to outperform centralized exchanges (CEX) in speed, privacy, and price execution. The native token for THORCHain, RUNE, has seen a 1% increase in the past 24 hours to 93 cents, according to CoinGecko. Its total value locked stands at roughly $90 million, data from DefiLlama shows.