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DEFI Markets DEX DEX Aggregator Trade Volume

DeFi

The total USD trading volume routed through DEX aggregator platforms that split and route orders across multiple decentralized exchanges Shown here for TokenIon.

Why it matters

To measure how much on-chain trading activity flows through order-routing aggregators rather than directly to individual DEXs.

How it is built

Summing the USD notional of all swaps executed through aggregator smart contracts over a given period.

What to watch

Rising aggregator volume reflects growing trader preference for best-price execution across fragmented liquidity, and is a proxy for overall DEX trading health.

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