
Liquidity Pools and Smart Order Routing, Explained
Work through a pool calculation to see why trade size changes a quote and when splitting a route may help.
7 min readUnderstand how decentralized exchanges, liquidity pools, and routing engines turn a token pair into an execution path. Start with the fundamentals, then explore aggregation and active liquidity.

Work through a pool calculation to see why trade size changes a quote and when splitting a route may help.
7 min read
Follow a swap from token selection to settlement, and learn what a route can tell you before any transaction is signed.
7 min read
A trading venue and a routing service solve different parts of a swap. Learn how to compare their actual execution paths.
7 min readExplore the routing fundamentals or check a term in the glossary.