[Matcha](https://matcha.xyz/) is a DEX aggregator, built by 0x. With over 4 million tokens indexed across 9 blockchains, the decentralized exchange provides aggregated liquidity from +100 sources, and the most efficient trade execution through smart routing. Matcha offers swaps, limit orders and cross chain trades, having enabled over $62B and 3.5M+ trades as the first consumer-facing product by the 0x team. Founded in 2017 by Will Warren and Amir Bandeali, the team has made significant technical contributions, including the NFT token standard (ERC721), the creation of Wrapped ETH, and has raised $109M up to Series B from leading investors as Greylock, Pantera Capital, and Coinbase.

Clipper is a DEX designed specifically for blue-chip token swaps (e.g., ETH, WBTC, USD stablecoins, etc.). Clipper’s novel architecture incorporates prices formed off-chain into a sophisticated formula and validates them on-chain. This removes the need for arbitrageurs and ensures lower gas fees for traders. Clipper was also built to optimize Liquidity Provider (LP) profit. By only executing trades that are profitable for LPs, Clipper delivers sustainable returns with no impermanent loss.