The Ethereum DEX aggregator market is witnessing a shift in dominance, with Kyber Network and CowSwap emerging as leaders. Kyber Network now holds approximately 31% of the market share, while CowSwap follows with around 22%. Meanwhile, 1inch has seen its share decrease from about 30% to 15%. This change is attributed to a decline in early liquidity mining incentives, indicating a shift in user behavior towards experience-driven trading rather than incentive-driven participation. These statistics reflect transactions initiated directly through aggregators, not accounting for the full impact of underlying routing infrastructure.
Kyber and CowSwap Gain Ground in Ethereum DEX Aggregator Market
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