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DEX Execution Insights

June 28, 2026  ·  Ethereum mainnet

Lead finding

KyberSwap routes 81% of $1M trades via off-chain RFQ — and still posts the widest quote gap among sampled aggregators

ClearTrace's live quote sampler (1,252 samples, 2.8 days) shows KyberSwap directing 81.2% of $1M ETH→USDC and WBTC→USDC flow through off-chain request-for-quote (RFQ) — more than any other aggregator in the sample. Yet its preliminary quote gap is the highest at +1.25 bps above execution, and its on-chain slippage (12.08 bps) still exceeds the Uniswap direct-DEX baseline (10.54 bps). Heavy RFQ routing is not, by itself, a guarantee of better quoted prices.

A contributing factor: only 53% of KyberSwap routes could be fork-simulated (vs 96–97% for 0x and Uniswap), because 12% of its volume routes through next-gen venues ClearTrace cannot yet simulate. All quote figures are preliminary — rated status requires ≥30 realized samples and a ≥7-day observation window; first rated cells are expected around June 30.


This period in numbers

 

1inch matches Uniswap's quote exactly

Preliminary quote gap: 0.0 bps (180 realized samples). On-chain slippage 7.02 bps — 3.5 bps below the Uniswap direct-DEX baseline of 10.54 bps. Source: quote sampler leaderboard, 2026-06-28.

 

Odos: nearly 1-in-5 trades reverts on-chain

On-chain revert rate: 19.86% — highest among sampled aggregators and roughly 5× the field average. Preliminary quote gap is small (+0.11 bps, 172 samples), making the revert rate the dominant execution-quality signal. Source: quote sampler + dune_execution_slippage, 2026-06-28.

 

Overall attribution coverage: 90.6%

Above the 85% target across all four chains. Ethereum leads at 94.5%; Base trails at 79.9%. Arbitrum: 85.9%, Optimism: 83.7%. 2,261 custom labels in the corpus. Source: dune_attribution, seed snapshot 2026-06-22.

 

Quote sampler: 1,252 samples in 2.8 days, 83% realized

Six aggregators sampled across 9 trading pairs and four size tiers ($1K → $1M). 17% miss rate: 18 RFQ off-chain fills, 28 next-gen venue coverage gaps, 74 real failures, 90 pre-venue-capture. First rated cells (≥30 realized, ≥7-day span) expected ~June 30. Source: quote sampler report, 2026-06-28.


Explore the full leaderboard, chain-by-chain coverage breakdown, and live attribution data at the ClearTrace dashboard. Methodology notes explain how quote gaps, revert rates, and attribution confidence scores are computed.

Open Dashboard   Methodology

ClearTrace · Cross-chain DEX attribution · Data as of 2026-06-28 (quote sampler) / 2026-06-22 (on-chain attribution).
All quote figures are preliminary; no cell has yet reached the 30-sample / 7-day threshold for rated status.
Figures are sourced from on-chain trace data and the ClearTrace live quote sampler — no protocol claims are fabricated.