Kyber leads Ethereum DEX aggregators with a 31% share, while 1inch's share has dropped to 15%.

CoinFeed reported on April 16th, citing The Block, that the Ethereum DEX aggregator market landscape has undergone significant changes over the past year. Kyber leads with approximately 31% market share, followed by CowSwap at 22%, while 1inch's share has declined from around 30% to 15%. This diversification trend contrasts with the consolidation seen in most areas of the crypto industry. Historically, 1inch accounted for the vast majority of aggregator trading volume between 2021 and 2022, coinciding with the peak of DeFi liquidity mining activity. As incentives have diminished, its share has declined, raising a structural question: how much of the aggregator trading volume truly reflects user preferences rather than incentive-driven activity?