ClearTrace Scorecard · Edition 1 of a recurring series
The rated record of DEX aggregator execution quality: quote accuracy, execution slippage, revert rates, and RFQ routing at size — measured the same way for every aggregator, by a third party with no routing product, and frozen so it can't be edited after the fact.
a010d40ed952cb8701b96a1bc9c1d00745c3447fd3858b8ef86eca6208d56bb3
Every aggregator claims best price and high reliability, and those claims are self-reported — published by the routing product being measured. Meanwhile, since 1 July 2026, MiCA transposes MiFID-style best-execution duties into crypto: best-ex must be evidenced, with multi-year record-keeping, not asserted. Compliance dashboards (e.g. DefiLlama's MiCA tracker) cover exchange-level obligations — not execution quality at the routing layer, where the trades actually happen.
This scorecard is the missing instrument: a neutral, methodology-published, third-party rated record. Each edition is numbered, dated, and hashed. A rating you can cite in a governance forum, a marketing page, or a best-execution file — and one nobody (including us) can quietly back-date or revise.
Rated = ≥30 realized fork-simulation quote samples spanning ≥7 days. On-chain metrics (slippage, reverts) cover all trades/transactions in the window, not a sample. Baseline = the direct-venue default aggregators are implicitly compared against.
| Aggregator | Status | Exec slippage | Revert rate | RFQ @ $1M | Quote gap | Quote n | Routing txs |
|---|---|---|---|---|---|---|---|
| Bitget DEX | on-chain only | 2.32 bps | 1.29% | — | — | — | 52,904 |
| 1inch | rated | 7.02 bps | 2.16% | 0% | 0 bps | 968 | 99,483 |
| Bebop | on-chain only | 9.73 bps | 8.05% | — | — | — | 106,185 |
| Uniswap (direct venue) | baseline | 10.54 bps | 1.61% | 0% | 0 bps | 1,001 | 10,774 |
| KyberSwap | rated | 12.08 bps | 4.28% | 86% | 2.87 bps | 920 | 137,934 |
| Odos | rated | 14.3 bps | 23.78% | 0% | 0 bps | 831 | 2,090 |
| CoW Protocol | on-chain only | 15.72 bps | 0.11% | — | — | — | 47,118 |
| OpenOcean | on-chain only | 16.42 bps | 10.95% | — | — | — | 13,892 |
| 1inch Limit Order Protocol | on-chain only | 27.67 bps | 0.84% | — | — | — | 30,111 |
| SushiSwap | on-chain only | 34.9 bps | 4.8% | — | — | — | 26,313 |
| ParaSwap (Velora) | rated | 43.01 bps | 3.83% | 0% | 1 bps | 977 | 25,572 |
| Tokenlon | on-chain only | 64.48 bps | 0.04% | — | — | — | 2,789 |
| DODO X | on-chain only | — | 0.15% | — | — | — | 6,886 |
The findings above are computed from a frozen snapshot. To verify nothing has changed since publication, hash the snapshot and compare:
The snapshot is committed to a public git history at publication time, which independently timestamps it.
Full methodology: cleartracedata.com/methodology and the open-dataset README. In brief: execution slippage is the median per-fill gap vs a 1-minute VWAP oracle over all on-chain trades; revert rate counts failed routing transactions from raw on-chain data; quote accuracy is a forward-captured fork-simulation sample (quoted vs realized); RFQ share is measured from the same sampler at $1M notional. Aggregators we don't yet quote-sample appear with on-chain metrics only. Preliminary cells are shown but never rated. Scope: Ethereum for this edition; the live leaderboard is the free preview layer that accrues between editions.
Cite this edition as: ClearTrace DEX Aggregator Execution Scorecard, Edition 1 (July 2026), sha256:a010d40ed952… — link https://cleartracedata.com/scorecard/edition-1. For a private cut of your own routing versus peers (per-pair, per-size, with the failure modes), or a subscription to future rated editions for a best-execution evidence file, book a working session.
ClearTrace is an independent measurement firm: we operate no router, no frontend, and take no order flow. Editions are immutable once published; corrections, if ever needed, ship as an errata note in the next edition — never as a silent edit. · Home · Live leaderboard · Research