@dor
There was some recent minor "drama" on CT about @uniswap vs. @aerodrome volume which sparked our curiosity. So we used sim to investigate and here's what we found:
Focusing on aggregator trades (used by retail, not arbitrageurs) on Base over the last 7 days:
- Aerodrome has the largest aggregator trade volume
- Uniswap V3 has more than twice as many aggregator trades
Trade size breakdown:
- Small trades (<$10k): Uniswap and PancakeSwap dominate
- Larger trades ($50k+): Mostly routed to Aerodrome's deeper liquidity pools
Top aggregators on Base by volume:
- ODOS
- 1inch
- KyberNetwork
On Ethereum, Uniswap remains the clear leader in aggregator trade volumes
There isn't any earthshattering insights here, if anything this data shows the importance of considering multiple metrics when comparing DEX performance.
You can the full thread here: https://x.com/smlxldotio/status/1841160530683445672
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