Ethereum DEX Aggregator Landscape Shifts: Kyber Leads with 31% Share, 1inch Drops to 15%

BroadChain learned that, according to The Block, on April 16, the DEX aggregator market landscape on Ethereum is undergoing a shift—from previously being dominated by a single protocol to a more fragmented competitive structure.

Currently, Kyber Network holds the top position with approximately 31% market share, followed closely by CowSwap with around 22%, while 1inch’s share has declined from roughly 30% to 15%.

Analysis suggests this shift is linked to the waning of early liquidity mining incentives and reflects a broader trend in user behavior transitioning from “incentive-driven” to “genuine trading-experience-driven.”

Notably, the statistics cited include only transactions initiated directly through aggregators and do not fully capture the actual influence of protocols serving as underlying routing infrastructure.