ClearTrace DEX Weekly

Weekly: the contracts behind the volume, realized execution against the Uniswap default, declared and undeclared fees, and market share inside one category at a time, across Ethereum, Base, Arbitrum, and Optimism. Issues before October 2026 carry the earlier single-finding format.

Base router transactions doubled in the week to October 5. Ethereum's and Arbitrum's fell.2026-10-06
A shortfall that does not change with trade size is not a price. It is a parameter.2026-10-01
A fifth of Ethereum's router traffic belongs to no venue. We stopped giving it to one.2026-09-24
On a new token, the question is not the price. It is whether the trade goes through.2026-09-17
The slippage number we publish is not an execution cost. What changed, and what did not.2026-09-10
A perfect quote gap can hide a fee. Ours hid one from us.2026-09-03
The DEX revert rate you see quoted is mostly bots2026-08-20
A venue can honor its quote exactly and still hand you less2026-08-06
Two venues' quote gap is a fee, at the same rate from $1k to $1M2026-07-30
At $1M, 86% of KyberSwap's quoted routes include an off-chain RFQ leg2026-07-23
An accurate quote and a cheap trade are two different numbers2026-07-16
Only 1inch reliably beats routing straight through Uniswap this period2026-07-09
Quote sampling breaks down hardest on the long tail: 36% realized for meme-coin pairs vs 87%+ for majors2026-07-02
KyberSwap routes 81% of $1M trades via RFQ, and still posts the widest quote gap2026-06-28

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