Sneedex is rolling out a new trading feature called “Split Trades”, aimed at helping users access better pricing by combining decentralised swaps with live token auction liquidity.
The update builds on the idea of split swaps, which have been part of the wider on-chain trading conversation for some time. While the concept of routing trades across multiple pools is not new, Sneedex is taking a different approach by integrating directly with its Marketplace Auctions.
Under the new system, Sneedex Swap can scan for token auctions that offer buyout prices more favourable than those currently available on platforms such as ICPSwap or Kong. If those auction prices are better, the trade will automatically include them as part of the execution.
Any remaining portion of the trade, after the relevant auctions have been filled, is then routed to traditional swap venues. That leftover amount can be sent to ICPSwap, Kong, or split across both, depending on liquidity conditions.
Supporters of the feature describe it as a way for token auctions to behave more like limit orders, allowing traders to bid into auctions while they sit in the order book, rather than relying purely on automated market maker pricing.
The move reflects a broader push across decentralised finance to improve trade execution by pulling liquidity from multiple sources, especially as users become more sensitive to slippage and fragmented liquidity.
As with any new trading mechanism, adoption will likely depend on how consistently it delivers better pricing and how smoothly it works in real market conditions. For traders on ICP-based platforms, Split Trades could offer another route to deeper liquidity and more competitive execution.
Sneedex Swap is available through the SneedDAO application.
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