星球日报|4月 15, 2026 21:52
[Ethereum Aggregator Competition Intensifies, Kyber and CowSwap Lead, 1inch Market Share Declines]
Odaily Planet Daily News: The market structure of DEX aggregators on Ethereum has shifted, transitioning from a single protocol dominance to a more decentralized competitive landscape. Currently, Kyber Network ranks first with approximately 31% market share, followed closely by CowSwap at around 22%, while 1inch's share has dropped from about 30% to 15%. Analysts believe this change is related to the waning of early liquidity mining incentives and reflects a shift in user behavior from being 'incentive-driven' to 'real trading experience-driven.' It is worth noting that the statistics only include transactions initiated directly through aggregators and do not fully reflect the actual influence of protocols as underlying routing infrastructure.
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