The way DeFi aggregators route your trades is undergoing a fundamental rewiring. Instead of constructing rigid on-chain transaction paths, the leading platforms are shifting to intent-based architectures, where users simply declare what they want, and a network of competing solvers figures out the best way to deliver it. How intent-based trading actually works In the traditional aggregator model, a user’s swap gets broken into a predetermined route across various liquidity pools, all executed on-chain. Every step is scripted before the transaction fires. Intent-based trading flips this on its head. Users sign off-chain messages expressing their desired outcome. Something like: “swap 10 ETH for at least 25,000 USDC, with MEV protection, across any chain.” Solvers, sometimes called resolvers, then compete to fulfill that intent as efficiently as possible. This competition among solvers tends to produce better execution prices, since each one is incentivized to find the most efficient path across fragmented liquidity. It also unlocks gasless execution for users, since the solver fronts the gas and bakes the cost into the trade. MEV protection comes almost as a side effect, because the...
DeFi aggregators shift to intent-based trading as KyberSwap takes commanding lead
1 month ago
31
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