The loss that would cancel the gain is outside the interval
Each bar is the range the volume change can be in, at the 90% level, under one way of comparing NEAR Intents with its peers. Left of the dark line, lost volume would have cost more than the higher cut brought in. The main estimate rules out a fall of more than 18.9%; it does not rule out a fall of 15%.
Log weekly volume of NEAR Intents against its peers; permutation interval after Chernozhukov, Wüthrich and Zhu. Source: DefiLlama, NEAR Intents volume, THORChain volume, Chainflip volume, Maya Protocol volume, LI.FI volume, SOCKET volume, Rango volume, Bungee volume.
Show the data (3 rows)
| Estimator | Estimate | Interval low | Interval high | Fit error before (log points) |
|---|---|---|---|---|
| Synthetic control | −1.9% | −18.9% | +21.5% | 0.141 |
| Equal-weight difference | +4.0% | −14.4% | +27.8% | 0.215 |
| Pooled-volume difference | +4.3% | −33.6% | +66.5% | 0.303 |
NEAR's take per $100 swapped went from 1.42 to 2.11 cents
Before the switch NEAR earned little from swaps that partner apps sent: its share of partner fees, with smaller items, was 1.02% of all fees (red). In the 11 weeks after it was 7.89%, and in the latest 13 weeks 18.58%. The blue part is NEAR's own app.
Revenue by DefiLlama label divided by gross fees, week by week. Front-end transfers are spread back over the days they were earned. Source: DefiLlama, NEAR Intents revenue by label, NEAR Intents fees.
Show the data (50 rows)
| Week starting | Partner fees and other | Own front end | Total |
|---|---|---|---|
| 2025-11-24 | 0.00% | 7.88% | 7.88% |
| 2025-12-01 | 0.00% | 6.33% | 6.33% |
| 2025-12-08 | 0.00% | 5.97% | 5.97% |
| 2025-12-15 | 0.00% | 5.97% | 5.97% |
| 2025-12-22 | 0.00% | 5.97% | 5.97% |
| 2025-12-29 | 0.00% | 5.97% | 5.97% |
| 2026-01-05 | 0.00% | 5.97% | 5.97% |
| 2026-01-12 | 0.00% | 7.28% | 7.28% |
| 2026-01-19 | 0.00% | 10.13% | 10.13% |
| 2026-01-26 | 0.63% | 10.13% | 10.76% |
| 2026-02-02 | 3.24% | 7.14% | 10.38% |
| 2026-02-09 | 7.28% | 5.20% | 12.48% |
| 2026-02-16 | 1.46% | 5.20% | 6.66% |
| 2026-02-23 | 6.16% | 3.57% | 9.74% |
| 2026-03-02 | 6.52% | 0.00% | 6.52% |
| 2026-03-09 | 10.12% | 11.61% | 21.72% |
| 2026-03-16 | 9.47% | 13.83% | 23.31% |
| 2026-03-23 | 7.16% | 11.05% | 18.21% |
| 2026-03-30 | 7.46% | 0.03% | 7.50% |
| 2026-04-06 | 6.79% | 0.03% | 6.83% |
| 2026-04-13 | 9.48% | 0.03% | 9.51% |
| 2026-04-20 | 7.99% | 0.34% | 8.33% |
| 2026-04-27 | 8.68% | 1.84% | 10.52% |
| 2026-05-04 | 8.86% | 2.86% | 11.72% |
| 2026-05-11 | 10.31% | 3.68% | 13.99% |
| 2026-05-18 | 16.55% | 8.09% | 24.64% |
| 2026-05-25 | 23.13% | 13.54% | 36.67% |
| 2026-06-01 | 24.48% | 7.44% | 31.92% |
| 2026-06-08 | 14.37% | 4.04% | 18.41% |
| 2026-06-15 | 12.53% | 5.31% | 17.84% |
| 2026-06-22 | 8.21% | 2.23% | 10.43% |
| 2026-06-29 | 7.01% | 2.67% | 9.69% |
| 2026-07-06 | 10.25% | 4.14% | 14.40% |
| 2026-07-13 | 14.59% | 5.16% | 19.75% |
| 2026-07-20 | 11.19% | 5.33% | 16.52% |
| 2026-07-27 | 11.13% | 5.04% | 16.17% |
| 2026-08-03 | 12.89% | 5.62% | 18.51% |
| 2026-08-10 | 12.22% | 5.10% | 17.32% |
| 2026-08-17 | 13.94% | 6.46% | 20.40% |
| 2026-08-24 | 12.32% | 5.90% | 18.22% |
| 2026-08-31 | 23.09% | 8.85% | 31.94% |
| 2026-09-07 | 13.95% | 4.75% | 18.70% |
| 2026-09-14 | 16.09% | 5.97% | 22.06% |
| 2026-09-21 | 18.02% | 8.97% | 26.99% |
| 2026-09-28 | 17.64% | 13.81% | 31.45% |
| 2026-10-05 | 21.96% | 9.81% | 31.77% |
| 2026-10-12 | 22.48% | 12.17% | 34.64% |
| 2026-10-19 | 24.10% | 9.81% | 33.91% |
| 2026-10-26 | 24.91% | 9.03% | 33.94% |
| 2026-11-02 | 17.51% | 6.52% | 24.03% |
Users paid 17.7 cents per $100 before and 17.8 after
If partners had passed the cost on, this line would step up at the switch. The fee rate rose 0.4%, so on average partners did not pass the cost on. In the latest 13 weeks it is 15.4 cents.
Gross fees divided by swap volume, by week. The thick lines are the same ratio over each whole window. Source: DefiLlama, NEAR Intents fees, NEAR Intents volume.
Show the data (50 rows)
| Week starting | Fee rate (basis points) |
|---|---|
| 2025-11-24 | 20.32 |
| 2025-12-01 | 25.41 |
| 2025-12-08 | 22.70 |
| 2025-12-15 | 20.19 |
| 2025-12-22 | 13.37 |
| 2025-12-29 | 20.10 |
| 2026-01-05 | 16.96 |
| 2026-01-12 | 16.20 |
| 2026-01-19 | 15.98 |
| 2026-01-26 | 14.90 |
| 2026-02-02 | 15.70 |
| 2026-02-09 | 15.68 |
| 2026-02-16 | 17.95 |
| 2026-02-23 | 22.30 |
| 2026-03-02 | 20.26 |
| 2026-03-09 | 16.78 |
| 2026-03-16 | 15.21 |
| 2026-03-23 | 17.42 |
| 2026-03-30 | 14.91 |
| 2026-04-06 | 17.09 |
| 2026-04-13 | 16.40 |
| 2026-04-20 | 18.46 |
| 2026-04-27 | 17.38 |
| 2026-05-04 | 19.46 |
| 2026-05-11 | 17.64 |
| 2026-05-18 | 14.78 |
| 2026-05-25 | 10.37 |
| 2026-06-01 | 12.98 |
| 2026-06-08 | 11.37 |
| 2026-06-15 | 12.66 |
| 2026-06-22 | 15.01 |
| 2026-06-29 | 17.16 |
| 2026-07-06 | 14.42 |
| 2026-07-13 | 13.22 |
| 2026-07-20 | 15.77 |
| 2026-07-27 | 13.61 |
| 2026-08-03 | 12.05 |
| 2026-08-10 | 11.13 |
| 2026-08-17 | 16.17 |
| 2026-08-24 | 14.42 |
| 2026-08-31 | 10.71 |
| 2026-09-07 | 12.81 |
| 2026-09-14 | 17.39 |
| 2026-09-21 | 17.57 |
| 2026-09-28 | 18.22 |
| 2026-10-05 | 15.59 |
| 2026-10-12 | 16.14 |
| 2026-10-19 | 15.30 |
| 2026-10-26 | 15.43 |
| 2026-11-02 | 15.88 |
NEAR Intents volume fell 18.4%; its peers fell 17.2%
The blue line is a weighted mix of peers (LI.FI 56%, Bungee 25%, Maya Protocol 11%, Chainflip 8%) chosen to follow NEAR Intents before the switch. After the switch NEAR Intents ran −1.9% against it on average: +4.5% in the first 5 weeks and −7.0% in the last 6. The window ends where it does because Maya Protocol and THORChain report no volume from 2026-05-16.
Synthetic control with an intercept on log weekly volume; weights are not negative and sum to one. Source: DefiLlama, NEAR Intents volume, THORChain volume, Chainflip volume, Maya Protocol volume, LI.FI volume, SOCKET volume, Rango volume, Bungee volume.
Show the data (24 rows)
| Week starting | Period | NEAR Intents per day | Peer basket per day | Gap |
|---|---|---|---|---|
| 2025-11-24 | before | $76.0M | $87.0M | −12.6% |
| 2025-12-01 | before | $77.1M | $74.9M | +3.0% |
| 2025-12-08 | before | $55.6M | $64.4M | −13.6% |
| 2025-12-15 | before | $63.9M | $76.1M | −16.0% |
| 2025-12-22 | before | $66.0M | $53.2M | +24.2% |
| 2025-12-29 | before | $51.3M | $60.1M | −14.6% |
| 2026-01-05 | before | $87.0M | $74.4M | +16.9% |
| 2026-01-12 | before | $87.4M | $81.0M | +7.9% |
| 2026-01-19 | before | $98.4M | $75.8M | +29.9% |
| 2026-01-26 | before | $100.0M | $112.6M | −11.2% |
| 2026-02-02 | before | $131.2M | $135.3M | −3.1% |
| 2026-02-09 | before | $83.7M | $82.0M | +2.0% |
| 2026-02-16 | before | $49.6M | $49.4M | +0.3% |
| 2026-02-23 | after | $71.8M | $79.1M | −9.2% |
| 2026-03-02 | after | $67.1M | $66.6M | +0.7% |
| 2026-03-09 | after | $57.3M | $56.0M | +2.4% |
| 2026-03-16 | after | $70.8M | $62.9M | +12.6% |
| 2026-03-23 | after | $69.3M | $58.6M | +18.3% |
| 2026-03-30 | after | $75.3M | $61.6M | +22.2% |
| 2026-04-06 | after | $74.3M | $81.6M | −8.9% |
| 2026-04-13 | after | $60.3M | $72.9M | −17.3% |
| 2026-04-20 | after | $53.0M | $64.3M | −17.7% |
| 2026-04-27 | after | $51.1M | $53.3M | −4.1% |
| 2026-05-04 | after | $58.9M | $66.4M | −11.2% |
Run on each peer, the same test finds an effect in 0 of 7
None of the peers had a fee switch on that date, so a sound test should find nothing. NEAR Intents' fit before the switch ranks 1 of 8 (1 is the closest fit).
Each peer in turn is treated as if it had the switch, with the remaining peers as its comparison. Source: DefiLlama, THORChain volume, Chainflip volume, Maya Protocol volume, LI.FI volume, SOCKET volume, Rango volume, Bungee volume.
Show the data (8 rows)
| Unit | Estimate | Interval low | Interval high | Fit error before (log points) |
|---|---|---|---|---|
| NEAR Intents | −1.9% | −18.9% | +21.5% | 0.141 |
| THORChain | −0.1% | −60.3% | +163.8% | 0.366 |
| Chainflip | −3.5% | −29.9% | +123.7% | 0.187 |
| Maya Protocol | +23.3% | −24.4% | +198.9% | 0.423 |
| LI.FI | +10.0% | −23.3% | +31.0% | 0.196 |
| SOCKET | +4.0% | −32.6% | +46.2% | 0.286 |
| Rango | −14.1% | −44.6% | +7.8% | 0.257 |
| Bungee | −3.1% | −24.8% | +47.7% | 0.192 |
693 ways of running the test: median +2.3%, lowest −17.3%
Every combination of 2 event dates, 3 lengths of the period before, 5 after, the peer sets and 3 estimators. 85% of the results are inside the band and 0.4% show a loss of more than 15%. A further 171 runs overlap a peer outage; they are left out of this chart and of the rules.
990 combinations planned, 99 dropped as duplicates and 27 for too few valid peers. Source: DefiLlama, NEAR Intents volume, THORChain volume, Chainflip volume, Maya Protocol volume, LI.FI volume, SOCKET volume, Rango volume, Bungee volume.
Show the data (693 rows)
| Rank | Estimate | Estimator | Event date | Weeks before | Weeks after | Donor set | Donors |
|---|---|---|---|---|---|---|---|
| 1 | −17.25% | pooled-volume difference | 2026-02-23 | 9 | 11 | swap protocols only | 3 |
| 2 | −16.49% | equal-weight difference | 2026-02-23 | 9 | 11 | swap protocols only | 3 |
| 3 | −15.95% | equal-weight difference | 2026-02-02 | 13 | 7 | peers plus excluded candidates | 10 |
| 4 | −13.69% | pooled-volume difference | 2026-02-23 | 9 | 9 | swap protocols only | 3 |
| 5 | −12.89% | synthetic control | 2026-02-23 | 9 | 11 | without Chainflip | 6 |
| 6 | −12.77% | synthetic control | 2026-02-23 | 9 | 11 | bridge aggregators only | 4 |
| 7 | −12.59% | pooled-volume difference | 2026-02-23 | 9 | 11 | without Rango | 6 |
| 8 | −12.43% | synthetic control | 2026-02-23 | 9 | 11 | all peers | 7 |
| 9 | −12.43% | synthetic control | 2026-02-23 | 9 | 11 | without Bungee | 6 |
| 10 | −12.43% | synthetic control | 2026-02-23 | 9 | 11 | without Rango | 6 |
| 11 | −12.43% | synthetic control | 2026-02-23 | 9 | 11 | without SOCKET | 6 |
| 12 | −12.43% | synthetic control | 2026-02-23 | 9 | 11 | without THORChain | 6 |
| 13 | −12.42% | synthetic control | 2026-02-23 | 9 | 11 | without Maya Protocol | 6 |
| 14 | −11.62% | pooled-volume difference | 2026-02-23 | 9 | 9 | without Rango | 6 |
| 15 | −11.57% | pooled-volume difference | 2026-02-23 | 9 | 11 | without Bungee | 6 |
| 16 | −11.39% | equal-weight difference | 2026-02-23 | 9 | 9 | swap protocols only | 3 |
| 17 | −11.11% | synthetic control | 2026-02-23 | 9 | 9 | without Chainflip | 6 |
| 18 | −10.99% | synthetic control | 2026-02-23 | 9 | 9 | bridge aggregators only | 4 |
| 19 | −10.90% | synthetic control | 2026-02-02 | 9 | 7 | swap protocols only | 3 |
| 20 | −10.34% | synthetic control | 2026-02-23 | 9 | 11 | swap protocols only | 3 |
| 21 | −10.25% | pooled-volume difference | 2026-02-23 | 9 | 9 | without Bungee | 6 |
| 22 | −10.23% | equal-weight difference | 2026-02-02 | 13 | 9 | peers plus excluded candidates | 10 |
| 23 | −10.14% | pooled-volume difference | 2026-02-23 | 17 | 11 | swap protocols only | 3 |
| 24 | −9.66% | synthetic control | 2026-02-23 | 9 | 11 | peers plus excluded candidates | 10 |
| 25 | −9.60% | equal-weight difference | 2026-02-23 | 9 | 11 | without Rango | 6 |
| 26 | −9.57% | synthetic control | 2026-02-23 | 9 | 7 | bridge aggregators only | 4 |
| 27 | −9.37% | equal-weight difference | 2026-02-02 | 13 | 7 | without Chainflip | 6 |
| 28 | −9.36% | synthetic control | 2026-02-23 | 9 | 7 | without Chainflip | 6 |
| 29 | −9.05% | equal-weight difference | 2026-02-23 | 9 | 9 | without Rango | 6 |
| 30 | −8.98% | synthetic control | 2026-02-02 | 17 | 7 | without Chainflip | 6 |
| 31 | −8.96% | equal-weight difference | 2026-02-02 | 13 | 7 | without Bungee | 6 |
| 32 | −8.95% | pooled-volume difference | 2026-02-23 | 9 | 9 | without Chainflip | 6 |
| 33 | −8.86% | equal-weight difference | 2026-02-02 | 13 | 13 | peers plus excluded candidates | 10 |
| 34 | −8.80% | equal-weight difference | 2026-02-02 | 13 | 7 | without LI.FI | 6 |
| 35 | −8.56% | synthetic control | 2026-02-02 | 9 | 13 | swap protocols only | 3 |
| 36 | −8.36% | equal-weight difference | 2026-02-23 | 9 | 11 | without Bungee | 6 |
| 37 | −8.30% | equal-weight difference | 2026-02-23 | 17 | 11 | swap protocols only | 3 |
| 38 | −8.26% | synthetic control | 2026-02-02 | 13 | 7 | without Bungee | 6 |
| 39 | −7.84% | synthetic control | 2026-02-23 | 9 | 9 | all peers | 7 |
| 40 | −7.84% | synthetic control | 2026-02-23 | 9 | 9 | without Bungee | 6 |
| 41 | −7.84% | synthetic control | 2026-02-23 | 9 | 9 | without Rango | 6 |
| 42 | −7.84% | synthetic control | 2026-02-23 | 9 | 9 | without SOCKET | 6 |
| 43 | −7.84% | synthetic control | 2026-02-23 | 9 | 9 | without THORChain | 6 |
| 44 | −7.84% | synthetic control | 2026-02-23 | 9 | 9 | without Maya Protocol | 6 |
| 45 | −7.79% | synthetic control | 2026-02-02 | 17 | 7 | all peers | 7 |
| 46 | −7.79% | synthetic control | 2026-02-02 | 17 | 7 | without Bungee | 6 |
| 47 | −7.79% | synthetic control | 2026-02-02 | 17 | 7 | without THORChain | 6 |
| 48 | −7.79% | pooled-volume difference | 2026-02-23 | 9 | 11 | all peers | 7 |
| 49 | −7.78% | synthetic control | 2026-02-02 | 13 | 7 | without Chainflip | 6 |
| 50 | −7.69% | equal-weight difference | 2026-02-02 | 13 | 7 | bridge aggregators only | 4 |
| 51 | −7.61% | pooled-volume difference | 2026-02-02 | 13 | 7 | bridge aggregators only | 4 |
| 52 | −7.61% | equal-weight difference | 2026-02-02 | 13 | 7 | without THORChain | 6 |
| 53 | −7.61% | equal-weight difference | 2026-02-02 | 13 | 7 | all peers | 7 |
| 54 | −7.60% | equal-weight difference | 2026-02-02 | 13 | 11 | peers plus excluded candidates | 10 |
| 55 | −7.55% | synthetic control | 2026-02-02 | 13 | 7 | all peers | 7 |
| 56 | −7.55% | synthetic control | 2026-02-02 | 13 | 7 | without SOCKET | 6 |
| 57 | −7.55% | synthetic control | 2026-02-02 | 13 | 7 | without THORChain | 6 |
| 58 | −7.51% | equal-weight difference | 2026-02-02 | 13 | 7 | without SOCKET | 6 |
| 59 | −7.50% | equal-weight difference | 2026-02-02 | 13 | 7 | swap protocols only | 3 |
| 60 | −7.40% | equal-weight difference | 2026-02-23 | 9 | 9 | without Bungee | 6 |
| 61 | −7.37% | pooled-volume difference | 2026-02-23 | 9 | 11 | without Maya Protocol | 6 |
| 62 | −7.36% | synthetic control | 2026-02-02 | 13 | 13 | without Bungee | 6 |
| 63 | −7.35% | synthetic control | 2026-02-02 | 17 | 7 | without LI.FI | 6 |
| 64 | −7.29% | pooled-volume difference | 2026-02-23 | 9 | 11 | without SOCKET | 6 |
| 65 | −7.21% | pooled-volume difference | 2026-02-23 | 17 | 11 | without Bungee | 6 |
| 66 | −7.15% | synthetic control | 2026-02-02 | 17 | 7 | without Rango | 6 |
| 67 | −7.11% | synthetic control | 2026-02-02 | 13 | 13 | without Chainflip | 6 |
| 68 | −7.10% | pooled-volume difference | 2026-02-23 | 9 | 9 | all peers | 7 |
| 69 | −7.00% | pooled-volume difference | 2026-02-02 | 13 | 7 | without Bungee | 6 |
| 70 | −6.98% | pooled-volume difference | 2026-02-23 | 9 | 11 | without Chainflip | 6 |
| 71 | −6.98% | synthetic control | 2026-02-02 | 13 | 13 | all peers | 7 |
| 72 | −6.98% | synthetic control | 2026-02-02 | 13 | 13 | without SOCKET | 6 |
| 73 | −6.98% | synthetic control | 2026-02-02 | 13 | 13 | without THORChain | 6 |
| 74 | −6.69% | pooled-volume difference | 2026-02-23 | 9 | 9 | without Maya Protocol | 6 |
| 75 | −6.66% | pooled-volume difference | 2026-02-02 | 13 | 7 | without Chainflip | 6 |
| 76 | −6.52% | synthetic control | 2026-02-02 | 13 | 7 | swap protocols only | 3 |
| 77 | −6.28% | synthetic control | 2026-02-02 | 17 | 7 | without SOCKET | 6 |
| 78 | −6.27% | pooled-volume difference | 2026-02-23 | 17 | 9 | swap protocols only | 3 |
| 79 | −6.20% | pooled-volume difference | 2026-02-02 | 13 | 7 | without THORChain | 6 |
| 80 | −6.03% | equal-weight difference | 2026-02-23 | 9 | 9 | without Chainflip | 6 |
| 81 | −5.94% | pooled-volume difference | 2026-02-23 | 9 | 11 | without LI.FI | 6 |
| 82 | −5.92% | pooled-volume difference | 2026-02-02 | 13 | 7 | without LI.FI | 6 |
| 83 | −5.92% | synthetic control | 2026-02-23 | 17 | 11 | without Rango | 6 |
| 84 | −5.90% | pooled-volume difference | 2026-02-23 | 17 | 11 | without Rango | 6 |
| 85 | −5.86% | equal-weight difference | 2026-02-02 | 13 | 7 | without Maya Protocol | 6 |
| 86 | −5.83% | pooled-volume difference | 2026-02-23 | 17 | 9 | without Bungee | 6 |
| 87 | −5.80% | synthetic control | 2026-02-02 | 13 | 11 | without Bungee | 6 |
| 88 | −5.69% | synthetic control | 2026-02-23 | 9 | 9 | peers plus excluded candidates | 10 |
| 89 | −5.65% | pooled-volume difference | 2026-02-23 | 9 | 9 | without SOCKET | 6 |
| 90 | −5.65% | synthetic control | 2026-02-23 | 17 | 9 | without Chainflip | 6 |
| 91 | −5.65% | synthetic control | 2026-02-23 | 17 | 11 | without Chainflip | 6 |
| 92 | −5.62% | pooled-volume difference | 2026-02-02 | 13 | 13 | without Bungee | 6 |
| 93 | −5.60% | synthetic control | 2026-02-02 | 13 | 13 | without Rango | 6 |
| 94 | −5.58% | synthetic control | 2026-02-23 | 17 | 11 | all peers | 7 |
| 95 | −5.58% | synthetic control | 2026-02-23 | 17 | 11 | without Bungee | 6 |
| 96 | −5.58% | synthetic control | 2026-02-23 | 17 | 11 | without THORChain | 6 |
| 97 | −5.53% | synthetic control | 2026-02-02 | 13 | 11 | without Chainflip | 6 |
| 98 | −5.36% | synthetic control | 2026-02-02 | 13 | 11 | all peers | 7 |
| 99 | −5.36% | synthetic control | 2026-02-02 | 13 | 11 | without SOCKET | 6 |
| 100 | −5.36% | synthetic control | 2026-02-02 | 13 | 11 | without THORChain | 6 |
| 101 | −5.27% | synthetic control | 2026-02-23 | 9 | 11 | without LI.FI | 6 |
| 102 | −5.22% | synthetic control | 2026-02-02 | 17 | 13 | without Chainflip | 6 |
| 103 | −5.20% | pooled-volume difference | 2026-02-23 | 9 | 9 | without LI.FI | 6 |
| 104 | −5.06% | equal-weight difference | 2026-02-02 | 13 | 7 | without Rango | 6 |
| 105 | −5.02% | synthetic control | 2026-02-02 | 13 | 7 | without LI.FI | 6 |
| 106 | −4.97% | pooled-volume difference | 2026-02-02 | 13 | 7 | all peers | 7 |
| 107 | −4.86% | pooled-volume difference | 2026-02-23 | 17 | 9 | without Rango | 6 |
| 108 | −4.84% | equal-weight difference | 2026-02-02 | 9 | 7 | swap protocols only | 3 |
| 109 | −4.83% | equal-weight difference | 2026-02-02 | 13 | 13 | swap protocols only | 3 |
| 110 | −4.72% | pooled-volume difference | 2026-02-02 | 13 | 7 | without SOCKET | 6 |
| 111 | −4.72% | synthetic control | 2026-02-23 | 9 | 7 | all peers | 7 |
| 112 | −4.72% | synthetic control | 2026-02-23 | 9 | 7 | without Bungee | 6 |
| 113 | −4.72% | synthetic control | 2026-02-23 | 9 | 7 | without Rango | 6 |
| 114 | −4.72% | synthetic control | 2026-02-23 | 9 | 7 | without SOCKET | 6 |
| 115 | −4.72% | synthetic control | 2026-02-23 | 9 | 7 | without THORChain | 6 |
| 116 | −4.72% | synthetic control | 2026-02-23 | 9 | 7 | without Maya Protocol | 6 |
| 117 | −4.70% | synthetic control | 2026-02-02 | 13 | 7 | bridge aggregators only | 4 |
| 118 | −4.66% | pooled-volume difference | 2026-02-02 | 13 | 7 | swap protocols only | 3 |
| 119 | −4.64% | synthetic control | 2026-02-02 | 17 | 13 | all peers | 7 |
| 120 | −4.64% | synthetic control | 2026-02-02 | 17 | 13 | without Bungee | 6 |
| 121 | −4.64% | synthetic control | 2026-02-02 | 17 | 13 | without THORChain | 6 |
| 122 | −4.62% | synthetic control | 2026-02-02 | 17 | 11 | without Chainflip | 6 |
| 123 | −4.55% | equal-weight difference | 2026-02-02 | 9 | 7 | without Chainflip | 6 |
| 124 | −4.55% | synthetic control | 2026-02-02 | 17 | 7 | swap protocols only | 3 |
| 125 | −4.51% | synthetic control | 2026-02-02 | 9 | 11 | swap protocols only | 3 |
| 126 | −4.48% | synthetic control | 2026-02-02 | 17 | 13 | without Rango | 6 |
| 127 | −4.36% | equal-weight difference | 2026-02-02 | 9 | 7 | without THORChain | 6 |
| 128 | −4.32% | synthetic control | 2026-02-02 | 13 | 13 | bridge aggregators only | 4 |
| 129 | −4.30% | synthetic control | 2026-02-02 | 13 | 13 | swap protocols only | 3 |
| 130 | −4.29% | equal-weight difference | 2026-02-02 | 9 | 7 | without Bungee | 6 |
| 131 | −4.28% | synthetic control | 2026-02-02 | 9 | 13 | bridge aggregators only | 4 |
| 132 | −4.28% | synthetic control | 2026-02-02 | 9 | 13 | without Chainflip | 6 |
| 133 | −4.24% | equal-weight difference | 2026-02-23 | 9 | 11 | all peers | 7 |
| 134 | −4.22% | equal-weight difference | 2026-02-23 | 17 | 11 | without Rango | 6 |
| 135 | −4.22% | synthetic control | 2026-02-02 | 13 | 13 | peers plus excluded candidates | 10 |
| 136 | −4.20% | equal-weight difference | 2026-02-02 | 13 | 13 | without Bungee | 6 |
| 137 | −4.15% | equal-weight difference | 2026-02-23 | 13 | 11 | swap protocols only | 3 |
| 138 | −4.13% | equal-weight difference | 2026-02-02 | 9 | 7 | without SOCKET | 6 |
| 139 | −4.12% | equal-weight difference | 2026-02-23 | 17 | 11 | without Bungee | 6 |
| 140 | −4.09% | equal-weight difference | 2026-02-23 | 9 | 9 | all peers | 7 |
| 141 | −4.05% | pooled-volume difference | 2026-02-23 | 17 | 9 | without Chainflip | 6 |
| 142 | −4.01% | equal-weight difference | 2026-02-23 | 9 | 11 | without Chainflip | 6 |
| 143 | −4.01% | pooled-volume difference | 2026-02-02 | 13 | 7 | without Maya Protocol | 6 |
| 144 | −3.92% | synthetic control | 2026-02-23 | 17 | 11 | without SOCKET | 6 |
| 145 | −3.92% | synthetic control | 2026-02-02 | 9 | 13 | all peers | 7 |
| 146 | −3.92% | synthetic control | 2026-02-02 | 9 | 13 | without Bungee | 6 |
| 147 | −3.92% | synthetic control | 2026-02-02 | 9 | 13 | without Maya Protocol | 6 |
| 148 | −3.92% | synthetic control | 2026-02-02 | 9 | 13 | without SOCKET | 6 |
| 149 | −3.92% | synthetic control | 2026-02-02 | 9 | 13 | without THORChain | 6 |
| 150 | −3.90% | pooled-volume difference | 2026-02-02 | 13 | 7 | peers plus excluded candidates | 10 |
| 151 | −3.88% | pooled-volume difference | 2026-02-02 | 13 | 13 | without Chainflip | 6 |
| 152 | −3.86% | pooled-volume difference | 2026-02-02 | 13 | 13 | swap protocols only | 3 |
| 153 | −3.79% | synthetic control | 2026-02-02 | 17 | 13 | without LI.FI | 6 |
| 154 | −3.67% | synthetic control | 2026-02-02 | 9 | 13 | without Rango | 6 |
| 155 | −3.66% | synthetic control | 2026-02-02 | 13 | 7 | without Rango | 6 |
| 156 | −3.65% | synthetic control | 2026-02-02 | 17 | 11 | all peers | 7 |
| 157 | −3.65% | synthetic control | 2026-02-02 | 17 | 11 | without Bungee | 6 |
| 158 | −3.65% | synthetic control | 2026-02-02 | 17 | 11 | without THORChain | 6 |
| 159 | −3.64% | equal-weight difference | 2026-02-23 | 17 | 9 | without Rango | 6 |
| 160 | −3.56% | equal-weight difference | 2026-02-02 | 13 | 13 | without Chainflip | 6 |
| 161 | −3.52% | equal-weight difference | 2026-02-02 | 9 | 7 | without LI.FI | 6 |
| 162 | −3.38% | synthetic control | 2026-02-02 | 17 | 11 | without Rango | 6 |
| 163 | −3.36% | synthetic control | 2026-02-23 | 17 | 11 | without Maya Protocol | 6 |
| 164 | −3.36% | synthetic control | 2026-02-23 | 17 | 9 | all peers | 7 |
| 165 | −3.36% | synthetic control | 2026-02-23 | 17 | 9 | without Bungee | 6 |
| 166 | −3.36% | synthetic control | 2026-02-23 | 17 | 9 | without THORChain | 6 |
| 167 | −3.31% | synthetic control | 2026-02-02 | 13 | 11 | without Rango | 6 |
| 168 | −3.29% | synthetic control | 2026-02-02 | 9 | 7 | without LI.FI | 6 |
| 169 | −3.18% | pooled-volume difference | 2026-02-02 | 13 | 13 | all peers | 7 |
| 170 | −3.13% | synthetic control | 2026-02-23 | 17 | 9 | without Rango | 6 |
| 171 | −3.12% | equal-weight difference | 2026-02-23 | 17 | 9 | without Bungee | 6 |
| 172 | −3.11% | synthetic control | 2026-02-02 | 13 | 11 | bridge aggregators only | 4 |
| 173 | −3.04% | synthetic control | 2026-02-23 | 13 | 11 | without Bungee | 6 |
| 174 | −3.00% | synthetic control | 2026-02-23 | 17 | 11 | bridge aggregators only | 4 |
| 175 | −2.97% | equal-weight difference | 2026-02-02 | 13 | 13 | without Rango | 6 |
| 176 | −2.95% | equal-weight difference | 2026-02-02 | 9 | 7 | all peers | 7 |
| 177 | −2.94% | synthetic control | 2026-02-23 | 17 | 11 | swap protocols only | 3 |
| 178 | −2.93% | synthetic control | 2026-02-02 | 13 | 9 | without Bungee | 6 |
| 179 | −2.88% | equal-weight difference | 2026-02-23 | 9 | 11 | without SOCKET | 6 |
| 180 | −2.84% | synthetic control | 2026-02-23 | 9 | 7 | peers plus excluded candidates | 10 |
| 181 | −2.83% | synthetic control | 2026-02-23 | 17 | 9 | bridge aggregators only | 4 |
| 182 | −2.77% | synthetic control | 2026-02-02 | 9 | 11 | bridge aggregators only | 4 |
| 183 | −2.77% | synthetic control | 2026-02-02 | 9 | 11 | without Chainflip | 6 |
| 184 | −2.76% | pooled-volume difference | 2026-02-02 | 13 | 13 | without SOCKET | 6 |
| 185 | −2.74% | synthetic control | 2026-02-23 | 13 | 11 | without Chainflip | 6 |
| 186 | −2.73% | synthetic control | 2026-02-02 | 13 | 13 | without Maya Protocol | 6 |
| 187 | −2.69% | equal-weight difference | 2026-02-23 | 17 | 9 | swap protocols only | 3 |
| 188 | −2.66% | synthetic control | 2026-02-02 | 17 | 11 | without LI.FI | 6 |
| 189 | −2.63% | pooled-volume difference | 2026-02-23 | 17 | 11 | all peers | 7 |
| 190 | −2.61% | pooled-volume difference | 2026-02-02 | 13 | 13 | without Rango | 6 |
| 191 | −2.59% | equal-weight difference | 2026-02-23 | 9 | 9 | without LI.FI | 6 |
| 192 | −2.56% | synthetic control | 2026-02-02 | 17 | 7 | peers plus excluded candidates | 9 |
| 193 | −2.50% | synthetic control | 2026-02-02 | 13 | 9 | without Chainflip | 6 |
| 194 | −2.48% | equal-weight difference | 2026-02-23 | 17 | 9 | without Chainflip | 6 |
| 195 | −2.45% | pooled-volume difference | 2026-02-02 | 13 | 13 | without Maya Protocol | 6 |
| 196 | −2.42% | equal-weight difference | 2026-02-02 | 13 | 13 | all peers | 7 |
| 197 | −2.41% | synthetic control | 2026-02-23 | 13 | 9 | without Chainflip | 6 |
| 198 | −2.40% | equal-weight difference | 2026-02-23 | 9 | 11 | without LI.FI | 6 |
| 199 | −2.30% | pooled-volume difference | 2026-02-02 | 9 | 7 | bridge aggregators only | 4 |
| 200 | −2.29% | synthetic control | 2026-02-02 | 13 | 9 | all peers | 7 |
| 201 | −2.29% | synthetic control | 2026-02-02 | 13 | 9 | without SOCKET | 6 |
| 202 | −2.29% | synthetic control | 2026-02-02 | 13 | 9 | without THORChain | 6 |
| 203 | −2.28% | synthetic control | 2026-02-02 | 13 | 9 | bridge aggregators only | 4 |
| 204 | −2.24% | pooled-volume difference | 2026-02-23 | 17 | 11 | without Maya Protocol | 6 |
| 205 | −2.12% | equal-weight difference | 2026-02-02 | 13 | 13 | without THORChain | 6 |
| 206 | −2.09% | equal-weight difference | 2026-02-02 | 9 | 13 | swap protocols only | 3 |
| 207 | −2.09% | pooled-volume difference | 2026-02-02 | 13 | 13 | without LI.FI | 6 |
| 208 | −2.07% | equal-weight difference | 2026-02-02 | 13 | 13 | without SOCKET | 6 |
| 209 | −2.01% | synthetic control | 2026-02-23 | 9 | 9 | without LI.FI | 6 |
| 210 | −1.99% | synthetic control | 2026-02-02 | 9 | 11 | all peers | 7 |
| 211 | −1.99% | synthetic control | 2026-02-02 | 9 | 11 | without Bungee | 6 |
| 212 | −1.99% | synthetic control | 2026-02-02 | 9 | 11 | without Maya Protocol | 6 |
| 213 | −1.99% | synthetic control | 2026-02-02 | 9 | 11 | without SOCKET | 6 |
| 214 | −1.99% | synthetic control | 2026-02-02 | 9 | 11 | without THORChain | 6 |
| 215 | −1.98% | pooled-volume difference | 2026-02-23 | 17 | 11 | without Chainflip | 6 |
| 216 | −1.95% | synthetic control | 2026-02-23 | 13 | 11 | all peers | 7 |
| 217 | −1.95% | synthetic control | 2026-02-23 | 13 | 11 | without Rango | 6 |
| 218 | −1.95% | synthetic control | 2026-02-23 | 13 | 11 | without SOCKET | 6 |
| 219 | −1.95% | synthetic control | 2026-02-23 | 13 | 11 | without THORChain | 6 |
| 220 | −1.90% | pooled-volume difference | 2026-02-23 | 17 | 9 | all peers | 7 |
| 221 | −1.80% | synthetic control | 2026-02-02 | 9 | 7 | bridge aggregators only | 4 |
| 222 | −1.80% | synthetic control | 2026-02-02 | 9 | 7 | without Chainflip | 6 |
| 223 | −1.77% | pooled-volume difference | 2026-02-02 | 9 | 7 | without THORChain | 6 |
| 224 | −1.65% | equal-weight difference | 2026-02-02 | 13 | 13 | without LI.FI | 6 |
| 225 | −1.60% | equal-weight difference | 2026-02-23 | 9 | 11 | without THORChain | 6 |
| 226 | −1.59% | synthetic control | 2026-02-02 | 17 | 13 | without SOCKET | 6 |
| 227 | −1.54% | equal-weight difference | 2026-02-23 | 9 | 9 | without THORChain | 6 |
| 228 | −1.52% | pooled-volume difference | 2026-02-23 | 17 | 9 | without Maya Protocol | 6 |
| 229 | −1.52% | equal-weight difference | 2026-02-02 | 9 | 7 | bridge aggregators only | 4 |
| 230 | −1.51% | pooled-volume difference | 2026-02-02 | 13 | 7 | without Rango | 6 |
| 231 | −1.46% | synthetic control | 2026-02-02 | 17 | 13 | swap protocols only | 3 |
| 232 | −1.45% | synthetic control | 2026-02-02 | 13 | 7 | without Maya Protocol | 6 |
| 233 | −1.44% | pooled-volume difference | 2026-02-02 | 13 | 13 | peers plus excluded candidates | 10 |
| 234 | −1.44% | synthetic control | 2026-02-23 | 17 | 11 | without LI.FI | 6 |
| 235 | −1.33% | pooled-volume difference | 2026-02-23 | 17 | 11 | without SOCKET | 6 |
| 236 | −1.32% | synthetic control | 2026-02-02 | 9 | 9 | bridge aggregators only | 4 |
| 237 | −1.32% | synthetic control | 2026-02-02 | 9 | 9 | without Chainflip | 6 |
| 238 | −1.29% | synthetic control | 2026-02-02 | 13 | 13 | without LI.FI | 6 |
| 239 | −1.27% | synthetic control | 2026-02-02 | 9 | 11 | without Rango | 6 |
| 240 | −1.15% | synthetic control | 2026-02-23 | 17 | 7 | without Chainflip | 6 |
| 241 | −1.11% | synthetic control | 2026-02-23 | 13 | 9 | without Bungee | 6 |
| 242 | −1.10% | synthetic control | 2026-02-02 | 13 | 11 | peers plus excluded candidates | 10 |
| 243 | −0.99% | pooled-volume difference | 2026-02-23 | 17 | 11 | without LI.FI | 6 |
| 244 | −0.98% | equal-weight difference | 2026-02-02 | 13 | 11 | bridge aggregators only | 4 |
| 245 | −0.93% | equal-weight difference | 2026-02-02 | 13 | 11 | without THORChain | 6 |
| 246 | −0.86% | equal-weight difference | 2026-02-23 | 9 | 9 | without SOCKET | 6 |
| 247 | −0.82% | synthetic control | 2026-02-23 | 17 | 7 | bridge aggregators only | 4 |
| 248 | −0.80% | equal-weight difference | 2026-02-23 | 9 | 9 | without Maya Protocol | 6 |
| 249 | −0.79% | equal-weight difference | 2026-02-02 | 9 | 7 | without Rango | 6 |
| 250 | −0.75% | pooled-volume difference | 2026-02-02 | 13 | 11 | bridge aggregators only | 4 |
| 251 | −0.74% | equal-weight difference | 2026-02-23 | 13 | 11 | without Rango | 6 |
| 252 | −0.70% | pooled-volume difference | 2026-02-02 | 13 | 13 | without THORChain | 6 |
| 253 | −0.69% | synthetic control | 2026-02-02 | 13 | 11 | without Maya Protocol | 6 |
| 254 | −0.66% | equal-weight difference | 2026-02-02 | 13 | 9 | bridge aggregators only | 4 |
| 255 | −0.65% | synthetic control | 2026-02-02 | 9 | 7 | all peers | 7 |
| 256 | −0.65% | synthetic control | 2026-02-02 | 9 | 7 | without Bungee | 6 |
| 257 | −0.65% | synthetic control | 2026-02-02 | 9 | 7 | without Maya Protocol | 6 |
| 258 | −0.65% | synthetic control | 2026-02-02 | 9 | 7 | without SOCKET | 6 |
| 259 | −0.65% | synthetic control | 2026-02-02 | 9 | 7 | without THORChain | 6 |
| 260 | −0.65% | synthetic control | 2026-02-23 | 17 | 11 | peers plus excluded candidates | 9 |
| 261 | −0.62% | synthetic control | 2026-02-23 | 13 | 9 | all peers | 7 |
| 262 | −0.62% | synthetic control | 2026-02-23 | 13 | 9 | without Rango | 6 |
| 263 | −0.62% | synthetic control | 2026-02-23 | 13 | 9 | without SOCKET | 6 |
| 264 | −0.62% | synthetic control | 2026-02-23 | 13 | 9 | without THORChain | 6 |
| 265 | −0.59% | pooled-volume difference | 2026-02-02 | 13 | 13 | bridge aggregators only | 4 |
| 266 | −0.57% | equal-weight difference | 2026-02-02 | 13 | 13 | bridge aggregators only | 4 |
| 267 | −0.57% | pooled-volume difference | 2026-02-02 | 13 | 9 | bridge aggregators only | 4 |
| 268 | −0.49% | synthetic control | 2026-02-23 | 13 | 11 | bridge aggregators only | 4 |
| 269 | −0.47% | equal-weight difference | 2026-02-02 | 13 | 11 | without Chainflip | 6 |
| 270 | −0.44% | equal-weight difference | 2026-02-23 | 9 | 11 | without Maya Protocol | 6 |
| 271 | −0.39% | equal-weight difference | 2026-02-23 | 17 | 11 | without Chainflip | 6 |
| 272 | −0.36% | synthetic control | 2026-02-02 | 9 | 9 | all peers | 7 |
| 273 | −0.36% | synthetic control | 2026-02-02 | 9 | 9 | without Bungee | 6 |
| 274 | −0.36% | synthetic control | 2026-02-02 | 9 | 9 | without Maya Protocol | 6 |
| 275 | −0.36% | synthetic control | 2026-02-02 | 9 | 9 | without SOCKET | 6 |
| 276 | −0.36% | synthetic control | 2026-02-02 | 9 | 9 | without THORChain | 6 |
| 277 | −0.34% | equal-weight difference | 2026-02-02 | 13 | 13 | without Maya Protocol | 6 |
| 278 | −0.28% | synthetic control | 2026-02-02 | 17 | 7 | bridge aggregators only | 4 |
| 279 | −0.21% | pooled-volume difference | 2026-02-23 | 17 | 9 | without LI.FI | 6 |
| 280 | −0.19% | equal-weight difference | 2026-02-02 | 13 | 11 | without Bungee | 6 |
| 281 | −0.17% | synthetic control | 2026-02-23 | 13 | 11 | swap protocols only | 3 |
| 282 | −0.16% | synthetic control | 2026-02-23 | 9 | 9 | swap protocols only | 3 |
| 283 | −0.14% | equal-weight difference | 2026-02-23 | 13 | 9 | without Rango | 6 |
| 284 | −0.13% | equal-weight difference | 2026-02-23 | 17 | 11 | all peers | 7 |
| 285 | −0.12% | synthetic control | 2026-02-02 | 13 | 7 | peers plus excluded candidates | 10 |
| 286 | −0.10% | synthetic control | 2026-02-23 | 13 | 9 | bridge aggregators only | 4 |
| 287 | +0.03% | equal-weight difference | 2026-02-23 | 17 | 9 | all peers | 7 |
| 288 | +0.07% | synthetic control | 2026-02-23 | 13 | 11 | without Maya Protocol | 6 |
| 289 | +0.09% | synthetic control | 2026-02-23 | 17 | 9 | without SOCKET | 6 |
| 290 | +0.19% | synthetic control | 2026-02-02 | 13 | 11 | swap protocols only | 3 |
| 291 | +0.37% | equal-weight difference | 2026-02-02 | 13 | 9 | without Bungee | 6 |
| 292 | +0.40% | pooled-volume difference | 2026-02-23 | 13 | 11 | swap protocols only | 3 |
| 293 | +0.42% | pooled-volume difference | 2026-02-23 | 17 | 9 | without SOCKET | 6 |
| 294 | +0.51% | synthetic control | 2026-02-23 | 17 | 9 | without Maya Protocol | 6 |
| 295 | +0.57% | pooled-volume difference | 2026-02-23 | 13 | 11 | without Rango | 6 |
| 296 | +0.61% | equal-weight difference | 2026-02-02 | 13 | 9 | without Chainflip | 6 |
| 297 | +0.72% | equal-weight difference | 2026-02-02 | 9 | 13 | without Bungee | 6 |
| 298 | +0.76% | synthetic control | 2026-02-23 | 17 | 9 | without LI.FI | 6 |
| 299 | +0.82% | synthetic control | 2026-02-02 | 13 | 9 | without Maya Protocol | 6 |
| 300 | +0.85% | synthetic control | 2026-02-02 | 13 | 9 | without Rango | 6 |
| 301 | +0.88% | equal-weight difference | 2026-02-23 | 9 | 7 | without Rango | 6 |
| 302 | +0.91% | synthetic control | 2026-02-02 | 9 | 9 | swap protocols only | 3 |
| 303 | +0.95% | pooled-volume difference | 2026-02-02 | 13 | 11 | without THORChain | 6 |
| 304 | +0.99% | equal-weight difference | 2026-02-02 | 13 | 9 | without THORChain | 6 |
| 305 | +1.08% | synthetic control | 2026-02-02 | 13 | 11 | without LI.FI | 6 |
| 306 | +1.08% | synthetic control | 2026-02-02 | 17 | 11 | bridge aggregators only | 4 |
| 307 | +1.11% | equal-weight difference | 2026-02-02 | 9 | 7 | without Maya Protocol | 6 |
| 308 | +1.12% | equal-weight difference | 2026-02-02 | 13 | 11 | all peers | 7 |
| 309 | +1.14% | synthetic control | 2026-02-02 | 9 | 9 | without Rango | 6 |
| 310 | +1.16% | synthetic control | 2026-02-02 | 17 | 11 | without SOCKET | 6 |
| 311 | +1.20% | pooled-volume difference | 2026-02-02 | 9 | 7 | without Chainflip | 6 |
| 312 | +1.20% | pooled-volume difference | 2026-02-02 | 9 | 7 | without Bungee | 6 |
| 313 | +1.26% | equal-weight difference | 2026-02-23 | 17 | 9 | without LI.FI | 6 |
| 314 | +1.31% | equal-weight difference | 2026-02-23 | 13 | 11 | without Bungee | 6 |
| 315 | +1.33% | equal-weight difference | 2026-02-02 | 9 | 13 | without THORChain | 6 |
| 316 | +1.33% | equal-weight difference | 2026-02-23 | 13 | 9 | without Chainflip | 6 |
| 317 | +1.35% | equal-weight difference | 2026-02-02 | 13 | 11 | without Rango | 6 |
| 318 | +1.37% | pooled-volume difference | 2026-02-02 | 13 | 9 | without THORChain | 6 |
| 319 | +1.38% | equal-weight difference | 2026-02-02 | 17 | 7 | without Bungee | 6 |
| 320 | +1.39% | equal-weight difference | 2026-02-02 | 9 | 13 | without Rango | 6 |
| 321 | +1.46% | equal-weight difference | 2026-02-23 | 17 | 11 | without LI.FI | 6 |
| 322 | +1.50% | equal-weight difference | 2026-02-23 | 9 | 7 | without Bungee | 6 |
| 323 | +1.52% | equal-weight difference | 2026-02-02 | 9 | 13 | without SOCKET | 6 |
| 324 | +1.57% | equal-weight difference | 2026-02-02 | 9 | 13 | without Chainflip | 6 |
| 325 | +1.60% | synthetic control | 2026-02-02 | 9 | 7 | without Rango | 6 |
| 326 | +1.65% | synthetic control | 2026-02-02 | 17 | 9 | without Chainflip | 6 |
| 327 | +1.69% | pooled-volume difference | 2026-02-23 | 13 | 9 | without Rango | 6 |
| 328 | +1.71% | equal-weight difference | 2026-02-23 | 13 | 9 | swap protocols only | 3 |
| 329 | +1.73% | synthetic control | 2026-02-02 | 17 | 7 | without Maya Protocol | 6 |
| 330 | +1.77% | equal-weight difference | 2026-02-23 | 9 | 9 | bridge aggregators only | 4 |
| 331 | +1.83% | synthetic control | 2026-02-02 | 9 | 13 | without LI.FI | 6 |
| 332 | +1.89% | synthetic control | 2026-02-23 | 13 | 7 | without Bungee | 6 |
| 333 | +1.95% | equal-weight difference | 2026-02-23 | 17 | 9 | without Maya Protocol | 6 |
| 334 | +1.97% | equal-weight difference | 2026-02-02 | 13 | 9 | all peers | 7 |
| 335 | +1.99% | pooled-volume difference | 2026-02-23 | 13 | 11 | without Bungee | 6 |
| 336 | +1.99% | equal-weight difference | 2026-02-23 | 17 | 11 | without THORChain | 6 |
| 337 | +2.00% | synthetic control | 2026-02-23 | 17 | 7 | all peers | 7 |
| 338 | +2.00% | synthetic control | 2026-02-23 | 17 | 7 | without Bungee | 6 |
| 339 | +2.00% | synthetic control | 2026-02-23 | 17 | 7 | without THORChain | 6 |
| 340 | +2.02% | pooled-volume difference | 2026-02-02 | 9 | 7 | without SOCKET | 6 |
| 341 | +2.05% | equal-weight difference | 2026-02-23 | 17 | 9 | without THORChain | 6 |
| 342 | +2.10% | pooled-volume difference | 2026-02-02 | 9 | 7 | without LI.FI | 6 |
| 343 | +2.12% | equal-weight difference | 2026-02-23 | 17 | 9 | bridge aggregators only | 4 |
| 344 | +2.18% | synthetic control | 2026-02-23 | 13 | 9 | without Maya Protocol | 6 |
| 345 | +2.19% | equal-weight difference | 2026-02-02 | 13 | 11 | without LI.FI | 6 |
| 346 | +2.29% | synthetic control | 2026-02-02 | 17 | 13 | peers plus excluded candidates | 9 |
| 347 | +2.29% | synthetic control | 2026-02-02 | 17 | 11 | swap protocols only | 3 |
| 348 | +2.32% | equal-weight difference | 2026-02-23 | 17 | 11 | without SOCKET | 6 |
| 349 | +2.32% | equal-weight difference | 2026-02-23 | 17 | 11 | without Maya Protocol | 6 |
| 350 | +2.33% | synthetic control | 2026-02-02 | 17 | 13 | bridge aggregators only | 4 |
| 351 | +2.37% | equal-weight difference | 2026-02-23 | 13 | 9 | without Bungee | 6 |
| 352 | +2.37% | pooled-volume difference | 2026-02-02 | 9 | 7 | all peers | 7 |
| 353 | +2.41% | synthetic control | 2026-02-23 | 17 | 9 | peers plus excluded candidates | 9 |
| 354 | +2.49% | equal-weight difference | 2026-02-02 | 9 | 13 | all peers | 7 |
| 355 | +2.54% | equal-weight difference | 2026-02-02 | 13 | 9 | without Maya Protocol | 6 |
| 356 | +2.56% | equal-weight difference | 2026-02-02 | 9 | 11 | without THORChain | 6 |
| 357 | +2.58% | equal-weight difference | 2026-02-02 | 13 | 11 | without SOCKET | 6 |
| 358 | +2.63% | synthetic control | 2026-02-02 | 13 | 9 | peers plus excluded candidates | 10 |
| 359 | +2.68% | synthetic control | 2026-02-02 | 17 | 9 | all peers | 7 |
| 360 | +2.68% | synthetic control | 2026-02-02 | 17 | 9 | without Bungee | 6 |
| 361 | +2.68% | synthetic control | 2026-02-02 | 17 | 9 | without THORChain | 6 |
| 362 | +2.69% | equal-weight difference | 2026-02-02 | 13 | 9 | without LI.FI | 6 |
| 363 | +2.70% | synthetic control | 2026-02-23 | 13 | 7 | without Chainflip | 6 |
| 364 | +2.70% | pooled-volume difference | 2026-02-02 | 9 | 13 | without Bungee | 6 |
| 365 | +2.72% | equal-weight difference | 2026-02-02 | 17 | 7 | without LI.FI | 6 |
| 366 | +2.75% | pooled-volume difference | 2026-02-23 | 9 | 11 | without THORChain | 6 |
| 367 | +2.97% | equal-weight difference | 2026-02-23 | 9 | 7 | swap protocols only | 3 |
| 368 | +3.00% | synthetic control | 2026-02-02 | 17 | 11 | peers plus excluded candidates | 9 |
| 369 | +3.02% | equal-weight difference | 2026-02-02 | 13 | 9 | without SOCKET | 6 |
| 370 | +3.02% | equal-weight difference | 2026-02-02 | 17 | 7 | swap protocols only | 3 |
| 371 | +3.07% | equal-weight difference | 2026-02-23 | 9 | 7 | without Chainflip | 6 |
| 372 | +3.08% | pooled-volume difference | 2026-02-23 | 13 | 9 | without Chainflip | 6 |
| 373 | +3.11% | synthetic control | 2026-02-23 | 13 | 7 | bridge aggregators only | 4 |
| 374 | +3.13% | synthetic control | 2026-02-02 | 17 | 9 | without Rango | 6 |
| 375 | +3.29% | pooled-volume difference | 2026-02-02 | 13 | 9 | without Bungee | 6 |
| 376 | +3.29% | equal-weight difference | 2026-02-02 | 17 | 7 | without Chainflip | 6 |
| 377 | +3.40% | equal-weight difference | 2026-02-02 | 13 | 11 | without Maya Protocol | 6 |
| 378 | +3.45% | synthetic control | 2026-02-23 | 17 | 7 | without Rango | 6 |
| 379 | +3.51% | equal-weight difference | 2026-02-23 | 13 | 11 | without Chainflip | 6 |
| 380 | +3.51% | pooled-volume difference | 2026-02-23 | 13 | 9 | without Bungee | 6 |
| 381 | +3.59% | equal-weight difference | 2026-02-02 | 13 | 9 | without Rango | 6 |
| 382 | +3.71% | pooled-volume difference | 2026-02-02 | 13 | 9 | peers plus excluded candidates | 10 |
| 383 | +3.74% | synthetic control | 2026-02-02 | 17 | 9 | without LI.FI | 6 |
| 384 | +3.74% | synthetic control | 2026-02-02 | 17 | 9 | bridge aggregators only | 4 |
| 385 | +3.82% | synthetic control | 2026-02-02 | 9 | 13 | peers plus excluded candidates | 10 |
| 386 | +3.87% | synthetic control | 2026-02-02 | 9 | 11 | without LI.FI | 6 |
| 387 | +3.89% | pooled-volume difference | 2026-02-02 | 9 | 7 | without Maya Protocol | 6 |
| 388 | +3.96% | equal-weight difference | 2026-02-23 | 13 | 11 | all peers | 7 |
| 389 | +3.99% | pooled-volume difference | 2026-02-02 | 9 | 13 | without THORChain | 6 |
| 390 | +4.00% | equal-weight difference | 2026-02-02 | 13 | 11 | swap protocols only | 3 |
| 391 | +4.04% | equal-weight difference | 2026-02-02 | 9 | 13 | without LI.FI | 6 |
| 392 | +4.12% | pooled-volume difference | 2026-02-02 | 9 | 13 | without SOCKET | 6 |
| 393 | +4.12% | equal-weight difference | 2026-02-23 | 13 | 9 | all peers | 7 |
| 394 | +4.18% | equal-weight difference | 2026-02-23 | 13 | 11 | without THORChain | 6 |
| 395 | +4.21% | pooled-volume difference | 2026-02-02 | 9 | 13 | without Chainflip | 6 |
| 396 | +4.23% | synthetic control | 2026-02-23 | 13 | 11 | without LI.FI | 6 |
| 397 | +4.24% | equal-weight difference | 2026-02-23 | 13 | 9 | without THORChain | 6 |
| 398 | +4.31% | pooled-volume difference | 2026-02-23 | 13 | 11 | all peers | 7 |
| 399 | +4.31% | pooled-volume difference | 2026-02-02 | 9 | 13 | all peers | 7 |
| 400 | +4.40% | synthetic control | 2026-02-23 | 17 | 7 | without Maya Protocol | 6 |
| 401 | +4.42% | pooled-volume difference | 2026-02-02 | 13 | 9 | without Chainflip | 6 |
| 402 | +4.43% | pooled-volume difference | 2026-02-02 | 9 | 7 | swap protocols only | 3 |
| 403 | +4.44% | equal-weight difference | 2026-02-23 | 17 | 9 | without SOCKET | 6 |
| 404 | +4.55% | equal-weight difference | 2026-02-02 | 9 | 9 | without THORChain | 6 |
| 405 | +4.72% | pooled-volume difference | 2026-02-23 | 13 | 9 | swap protocols only | 3 |
| 406 | +4.72% | synthetic control | 2026-02-23 | 13 | 11 | peers plus excluded candidates | 10 |
| 407 | +4.78% | synthetic control | 2026-02-02 | 17 | 13 | without Maya Protocol | 6 |
| 408 | +4.80% | synthetic control | 2026-02-23 | 13 | 7 | all peers | 7 |
| 409 | +4.80% | synthetic control | 2026-02-23 | 13 | 7 | without Rango | 6 |
| 410 | +4.80% | synthetic control | 2026-02-23 | 13 | 7 | without SOCKET | 6 |
| 411 | +4.80% | synthetic control | 2026-02-23 | 13 | 7 | without THORChain | 6 |
| 412 | +4.83% | equal-weight difference | 2026-02-02 | 9 | 11 | without Chainflip | 6 |
| 413 | +4.86% | pooled-volume difference | 2026-02-02 | 9 | 13 | without Rango | 6 |
| 414 | +4.90% | synthetic control | 2026-02-02 | 13 | 9 | swap protocols only | 3 |
| 415 | +4.93% | equal-weight difference | 2026-02-02 | 9 | 11 | without Bungee | 6 |
| 416 | +4.96% | pooled-volume difference | 2026-02-02 | 9 | 11 | bridge aggregators only | 4 |
| 417 | +5.00% | synthetic control | 2026-02-02 | 17 | 11 | without Maya Protocol | 6 |
| 418 | +5.03% | synthetic control | 2026-02-02 | 13 | 9 | without LI.FI | 6 |
| 419 | +5.03% | equal-weight difference | 2026-02-23 | 13 | 11 | without SOCKET | 6 |
| 420 | +5.05% | pooled-volume difference | 2026-02-23 | 9 | 9 | bridge aggregators only | 4 |
| 421 | +5.07% | pooled-volume difference | 2026-02-23 | 13 | 11 | without Maya Protocol | 6 |
| 422 | +5.07% | synthetic control | 2026-02-23 | 17 | 7 | without SOCKET | 6 |
| 423 | +5.08% | pooled-volume difference | 2026-02-23 | 13 | 9 | all peers | 7 |
| 424 | +5.10% | equal-weight difference | 2026-02-23 | 9 | 7 | all peers | 7 |
| 425 | +5.13% | pooled-volume difference | 2026-02-23 | 9 | 9 | without THORChain | 6 |
| 426 | +5.13% | pooled-volume difference | 2026-02-02 | 9 | 13 | bridge aggregators only | 4 |
| 427 | +5.15% | pooled-volume difference | 2026-02-02 | 9 | 9 | bridge aggregators only | 4 |
| 428 | +5.20% | pooled-volume difference | 2026-02-23 | 13 | 11 | without SOCKET | 6 |
| 429 | +5.26% | pooled-volume difference | 2026-02-23 | 9 | 7 | without Rango | 6 |
| 430 | +5.30% | pooled-volume difference | 2026-02-02 | 9 | 13 | swap protocols only | 3 |
| 431 | +5.30% | pooled-volume difference | 2026-02-23 | 13 | 11 | without Chainflip | 6 |
| 432 | +5.41% | equal-weight difference | 2026-02-23 | 9 | 7 | without THORChain | 6 |
| 433 | +5.49% | equal-weight difference | 2026-02-02 | 17 | 7 | all peers | 7 |
| 434 | +5.52% | equal-weight difference | 2026-02-02 | 9 | 9 | without Bungee | 6 |
| 435 | +5.53% | pooled-volume difference | 2026-02-23 | 17 | 11 | without THORChain | 6 |
| 436 | +5.55% | pooled-volume difference | 2026-02-02 | 13 | 9 | all peers | 7 |
| 437 | +5.57% | equal-weight difference | 2026-02-02 | 13 | 9 | swap protocols only | 3 |
| 438 | +5.58% | pooled-volume difference | 2026-02-02 | 9 | 13 | without Maya Protocol | 6 |
| 439 | +5.63% | synthetic control | 2026-02-23 | 13 | 9 | without LI.FI | 6 |
| 440 | +5.64% | equal-weight difference | 2026-02-02 | 9 | 11 | bridge aggregators only | 4 |
| 441 | +5.69% | equal-weight difference | 2026-02-02 | 17 | 7 | without THORChain | 6 |
| 442 | +5.70% | pooled-volume difference | 2026-02-02 | 13 | 11 | without Bungee | 6 |
| 443 | +5.72% | pooled-volume difference | 2026-02-02 | 17 | 7 | without Bungee | 6 |
| 444 | +5.72% | pooled-volume difference | 2026-02-02 | 9 | 11 | without THORChain | 6 |
| 445 | +5.84% | pooled-volume difference | 2026-02-23 | 13 | 9 | without Maya Protocol | 6 |
| 446 | +5.91% | equal-weight difference | 2026-02-02 | 9 | 11 | without Rango | 6 |
| 447 | +5.96% | equal-weight difference | 2026-02-23 | 13 | 9 | bridge aggregators only | 4 |
| 448 | +5.97% | equal-weight difference | 2026-02-02 | 9 | 9 | without Chainflip | 6 |
| 449 | +5.98% | equal-weight difference | 2026-02-02 | 9 | 9 | bridge aggregators only | 4 |
| 450 | +5.99% | equal-weight difference | 2026-02-23 | 13 | 9 | without LI.FI | 6 |
| 451 | +5.99% | equal-weight difference | 2026-02-02 | 17 | 13 | swap protocols only | 3 |
| 452 | +6.04% | pooled-volume difference | 2026-02-02 | 9 | 7 | without Rango | 6 |
| 453 | +6.07% | equal-weight difference | 2026-02-02 | 9 | 13 | bridge aggregators only | 4 |
| 454 | +6.10% | synthetic control | 2026-02-02 | 9 | 11 | peers plus excluded candidates | 10 |
| 455 | +6.12% | equal-weight difference | 2026-02-23 | 9 | 11 | bridge aggregators only | 4 |
| 456 | +6.16% | pooled-volume difference | 2026-02-02 | 9 | 9 | without THORChain | 6 |
| 457 | +6.19% | equal-weight difference | 2026-02-23 | 13 | 11 | without LI.FI | 6 |
| 458 | +6.19% | equal-weight difference | 2026-02-23 | 17 | 7 | without Bungee | 6 |
| 459 | +6.21% | equal-weight difference | 2026-02-02 | 9 | 11 | all peers | 7 |
| 460 | +6.26% | pooled-volume difference | 2026-02-02 | 9 | 13 | without LI.FI | 6 |
| 461 | +6.27% | pooled-volume difference | 2026-02-02 | 13 | 9 | without Maya Protocol | 6 |
| 462 | +6.28% | pooled-volume difference | 2026-02-23 | 17 | 9 | bridge aggregators only | 4 |
| 463 | +6.30% | pooled-volume difference | 2026-02-02 | 13 | 11 | peers plus excluded candidates | 10 |
| 464 | +6.31% | synthetic control | 2026-02-23 | 13 | 9 | peers plus excluded candidates | 10 |
| 465 | +6.33% | equal-weight difference | 2026-02-02 | 9 | 11 | without SOCKET | 6 |
| 466 | +6.41% | pooled-volume difference | 2026-02-23 | 9 | 7 | without Bungee | 6 |
| 467 | +6.43% | pooled-volume difference | 2026-02-02 | 13 | 11 | without Chainflip | 6 |
| 468 | +6.47% | equal-weight difference | 2026-02-23 | 17 | 11 | bridge aggregators only | 4 |
| 469 | +6.48% | pooled-volume difference | 2026-02-02 | 13 | 9 | without SOCKET | 6 |
| 470 | +6.68% | equal-weight difference | 2026-02-02 | 17 | 13 | without Bungee | 6 |
| 471 | +6.72% | synthetic control | 2026-02-23 | 13 | 7 | without Maya Protocol | 6 |
| 472 | +6.73% | equal-weight difference | 2026-02-23 | 9 | 7 | bridge aggregators only | 4 |
| 473 | +6.75% | pooled-volume difference | 2026-02-02 | 13 | 9 | without LI.FI | 6 |
| 474 | +6.79% | equal-weight difference | 2026-02-02 | 9 | 9 | without SOCKET | 6 |
| 475 | +6.87% | synthetic control | 2026-02-02 | 9 | 9 | peers plus excluded candidates | 10 |
| 476 | +6.89% | equal-weight difference | 2026-02-23 | 17 | 7 | without Rango | 6 |
| 477 | +6.89% | pooled-volume difference | 2026-02-23 | 13 | 11 | without LI.FI | 6 |
| 478 | +6.96% | equal-weight difference | 2026-02-23 | 17 | 7 | without Chainflip | 6 |
| 479 | +6.99% | equal-weight difference | 2026-02-02 | 9 | 11 | swap protocols only | 3 |
| 480 | +7.03% | equal-weight difference | 2026-02-02 | 9 | 13 | without Maya Protocol | 6 |
| 481 | +7.04% | synthetic control | 2026-02-23 | 13 | 7 | peers plus excluded candidates | 10 |
| 482 | +7.06% | pooled-volume difference | 2026-02-23 | 13 | 9 | without SOCKET | 6 |
| 483 | +7.09% | equal-weight difference | 2026-02-23 | 17 | 7 | bridge aggregators only | 4 |
| 484 | +7.09% | pooled-volume difference | 2026-02-23 | 9 | 7 | swap protocols only | 3 |
| 485 | +7.10% | equal-weight difference | 2026-02-02 | 9 | 9 | all peers | 7 |
| 486 | +7.19% | synthetic control | 2026-02-02 | 17 | 9 | without Maya Protocol | 6 |
| 487 | +7.21% | equal-weight difference | 2026-02-23 | 13 | 9 | without SOCKET | 6 |
| 488 | +7.25% | synthetic control | 2026-02-23 | 9 | 7 | without LI.FI | 6 |
| 489 | +7.29% | pooled-volume difference | 2026-02-02 | 17 | 13 | without Bungee | 6 |
| 490 | +7.33% | pooled-volume difference | 2026-02-02 | 13 | 11 | all peers | 7 |
| 491 | +7.38% | equal-weight difference | 2026-02-02 | 17 | 7 | bridge aggregators only | 4 |
| 492 | +7.62% | pooled-volume difference | 2026-02-02 | 17 | 7 | swap protocols only | 3 |
| 493 | +7.73% | pooled-volume difference | 2026-02-23 | 13 | 9 | without LI.FI | 6 |
| 494 | +7.82% | pooled-volume difference | 2026-02-23 | 9 | 7 | without Chainflip | 6 |
| 495 | +7.89% | equal-weight difference | 2026-02-02 | 17 | 7 | without Rango | 6 |
| 496 | +7.97% | pooled-volume difference | 2026-02-23 | 17 | 9 | without THORChain | 6 |
| 497 | +7.98% | equal-weight difference | 2026-02-23 | 9 | 7 | without Maya Protocol | 6 |
| 498 | +8.10% | equal-weight difference | 2026-02-02 | 9 | 11 | without LI.FI | 6 |
| 499 | +8.11% | equal-weight difference | 2026-02-23 | 9 | 7 | without LI.FI | 6 |
| 500 | +8.12% | equal-weight difference | 2026-02-23 | 13 | 9 | without Maya Protocol | 6 |
| 501 | +8.16% | synthetic control | 2026-02-02 | 17 | 9 | peers plus excluded candidates | 9 |
| 502 | +8.21% | pooled-volume difference | 2026-02-02 | 13 | 9 | without Rango | 6 |
| 503 | +8.25% | equal-weight difference | 2026-02-02 | 9 | 9 | without Rango | 6 |
| 504 | +8.26% | synthetic control | 2026-02-23 | 17 | 9 | swap protocols only | 3 |
| 505 | +8.30% | synthetic control | 2026-02-02 | 9 | 9 | without LI.FI | 6 |
| 506 | +8.31% | pooled-volume difference | 2026-02-23 | 13 | 11 | without THORChain | 6 |
| 507 | +8.39% | pooled-volume difference | 2026-02-23 | 9 | 11 | peers plus excluded candidates | 10 |
| 508 | +8.43% | pooled-volume difference | 2026-02-02 | 13 | 11 | without Maya Protocol | 6 |
| 509 | +8.46% | synthetic control | 2026-02-02 | 9 | 7 | peers plus excluded candidates | 10 |
| 510 | +8.48% | pooled-volume difference | 2026-02-23 | 9 | 9 | peers plus excluded candidates | 10 |
| 511 | +8.51% | equal-weight difference | 2026-02-23 | 13 | 11 | without Maya Protocol | 6 |
| 512 | +8.52% | pooled-volume difference | 2026-02-02 | 17 | 13 | swap protocols only | 3 |
| 513 | +8.60% | pooled-volume difference | 2026-02-23 | 9 | 11 | bridge aggregators only | 4 |
| 514 | +8.61% | equal-weight difference | 2026-02-02 | 9 | 9 | swap protocols only | 3 |
| 515 | +8.61% | pooled-volume difference | 2026-02-23 | 13 | 9 | bridge aggregators only | 4 |
| 516 | +8.63% | equal-weight difference | 2026-02-02 | 9 | 9 | without LI.FI | 6 |
| 517 | +8.65% | synthetic control | 2026-02-02 | 17 | 9 | without SOCKET | 6 |
| 518 | +8.82% | equal-weight difference | 2026-02-02 | 17 | 7 | without Maya Protocol | 6 |
| 519 | +8.84% | pooled-volume difference | 2026-02-02 | 13 | 11 | without SOCKET | 6 |
| 520 | +8.89% | pooled-volume difference | 2026-02-02 | 13 | 9 | swap protocols only | 3 |
| 521 | +8.90% | pooled-volume difference | 2026-02-02 | 17 | 7 | without LI.FI | 6 |
| 522 | +8.94% | equal-weight difference | 2026-02-02 | 17 | 7 | without SOCKET | 6 |
| 523 | +9.08% | pooled-volume difference | 2026-02-02 | 13 | 11 | without Rango | 6 |
| 524 | +9.12% | equal-weight difference | 2026-02-23 | 9 | 7 | without SOCKET | 6 |
| 525 | +9.25% | pooled-volume difference | 2026-02-02 | 17 | 7 | without Chainflip | 6 |
| 526 | +9.26% | equal-weight difference | 2026-02-23 | 17 | 7 | without THORChain | 6 |
| 527 | +9.29% | pooled-volume difference | 2026-02-02 | 13 | 11 | without LI.FI | 6 |
| 528 | +9.43% | synthetic control | 2026-02-23 | 17 | 7 | peers plus excluded candidates | 9 |
| 529 | +9.53% | pooled-volume difference | 2026-02-02 | 9 | 7 | peers plus excluded candidates | 10 |
| 530 | +9.53% | pooled-volume difference | 2026-02-23 | 9 | 7 | all peers | 7 |
| 531 | +9.62% | equal-weight difference | 2026-02-23 | 17 | 7 | all peers | 7 |
| 532 | +9.87% | pooled-volume difference | 2026-02-23 | 17 | 11 | bridge aggregators only | 4 |
| 533 | +9.91% | equal-weight difference | 2026-02-02 | 17 | 13 | without Chainflip | 6 |
| 534 | +10.09% | pooled-volume difference | 2026-02-23 | 9 | 7 | bridge aggregators only | 4 |
| 535 | +10.10% | pooled-volume difference | 2026-02-23 | 17 | 11 | peers plus excluded candidates | 9 |
| 536 | +10.12% | equal-weight difference | 2026-02-02 | 9 | 9 | without Maya Protocol | 6 |
| 537 | +10.17% | pooled-volume difference | 2026-02-23 | 9 | 7 | without Maya Protocol | 6 |
| 538 | +10.26% | equal-weight difference | 2026-02-02 | 17 | 13 | without Rango | 6 |
| 539 | +10.29% | equal-weight difference | 2026-02-02 | 9 | 7 | peers plus excluded candidates | 10 |
| 540 | +10.47% | synthetic control | 2026-02-02 | 17 | 9 | swap protocols only | 3 |
| 541 | +10.48% | equal-weight difference | 2026-02-23 | 13 | 11 | bridge aggregators only | 4 |
| 542 | +10.67% | synthetic control | 2026-02-23 | 17 | 7 | without LI.FI | 6 |
| 543 | +10.76% | equal-weight difference | 2026-02-23 | 13 | 7 | without Rango | 6 |
| 544 | +10.77% | equal-weight difference | 2026-02-02 | 17 | 13 | without LI.FI | 6 |
| 545 | +10.81% | pooled-volume difference | 2026-02-23 | 13 | 9 | without THORChain | 6 |
| 546 | +10.90% | pooled-volume difference | 2026-02-23 | 17 | 9 | peers plus excluded candidates | 9 |
| 547 | +10.91% | pooled-volume difference | 2026-02-02 | 17 | 7 | all peers | 7 |
| 548 | +10.97% | equal-weight difference | 2026-02-23 | 17 | 7 | without Maya Protocol | 6 |
| 549 | +11.05% | equal-weight difference | 2026-02-02 | 9 | 11 | without Maya Protocol | 6 |
| 550 | +11.13% | equal-weight difference | 2026-02-23 | 13 | 7 | bridge aggregators only | 4 |
| 551 | +11.14% | equal-weight difference | 2026-02-23 | 13 | 7 | without Chainflip | 6 |
| 552 | +11.14% | equal-weight difference | 2026-02-02 | 17 | 11 | without Bungee | 6 |
| 553 | +11.30% | synthetic control | 2026-02-23 | 9 | 7 | swap protocols only | 3 |
| 554 | +11.38% | pooled-volume difference | 2026-02-23 | 17 | 7 | bridge aggregators only | 4 |
| 555 | +11.39% | pooled-volume difference | 2026-02-23 | 9 | 7 | without THORChain | 6 |
| 556 | +11.41% | equal-weight difference | 2026-02-02 | 17 | 13 | all peers | 7 |
| 557 | +11.60% | equal-weight difference | 2026-02-23 | 13 | 7 | without THORChain | 6 |
| 558 | +11.66% | pooled-volume difference | 2026-02-23 | 17 | 7 | without Bungee | 6 |
| 559 | +11.77% | equal-weight difference | 2026-02-02 | 17 | 9 | without Bungee | 6 |
| 560 | +11.81% | synthetic control | 2026-02-23 | 13 | 9 | swap protocols only | 3 |
| 561 | +11.95% | pooled-volume difference | 2026-02-23 | 9 | 7 | without SOCKET | 6 |
| 562 | +11.98% | equal-weight difference | 2026-02-02 | 17 | 13 | without THORChain | 6 |
| 563 | +12.02% | pooled-volume difference | 2026-02-02 | 17 | 7 | without THORChain | 6 |
| 564 | +12.06% | pooled-volume difference | 2026-02-02 | 17 | 7 | bridge aggregators only | 4 |
| 565 | +12.21% | equal-weight difference | 2026-02-23 | 13 | 7 | without Bungee | 6 |
| 566 | +12.24% | pooled-volume difference | 2026-02-02 | 17 | 7 | without Maya Protocol | 6 |
| 567 | +12.28% | pooled-volume difference | 2026-02-23 | 13 | 11 | bridge aggregators only | 4 |
| 568 | +12.33% | pooled-volume difference | 2026-02-02 | 9 | 13 | peers plus excluded candidates | 10 |
| 569 | +12.39% | equal-weight difference | 2026-02-23 | 17 | 7 | without LI.FI | 6 |
| 570 | +12.40% | pooled-volume difference | 2026-02-02 | 9 | 9 | without Bungee | 6 |
| 571 | +12.48% | pooled-volume difference | 2026-02-02 | 13 | 11 | swap protocols only | 3 |
| 572 | +12.50% | pooled-volume difference | 2026-02-02 | 17 | 13 | without Chainflip | 6 |
| 573 | +12.61% | pooled-volume difference | 2026-02-02 | 17 | 7 | without SOCKET | 6 |
| 574 | +13.01% | pooled-volume difference | 2026-02-02 | 17 | 13 | all peers | 7 |
| 575 | +13.08% | equal-weight difference | 2026-02-23 | 17 | 7 | swap protocols only | 3 |
| 576 | +13.21% | pooled-volume difference | 2026-02-02 | 9 | 9 | without Chainflip | 6 |
| 577 | +13.32% | pooled-volume difference | 2026-02-23 | 17 | 7 | without Rango | 6 |
| 578 | +13.33% | pooled-volume difference | 2026-02-02 | 17 | 13 | without LI.FI | 6 |
| 579 | +13.33% | equal-weight difference | 2026-02-02 | 17 | 11 | without THORChain | 6 |
| 580 | +13.44% | equal-weight difference | 2026-02-02 | 17 | 11 | without Chainflip | 6 |
| 581 | +13.44% | pooled-volume difference | 2026-02-23 | 9 | 7 | without LI.FI | 6 |
| 582 | +13.60% | pooled-volume difference | 2026-02-02 | 17 | 13 | without Rango | 6 |
| 583 | +13.61% | pooled-volume difference | 2026-02-23 | 17 | 7 | without Chainflip | 6 |
| 584 | +13.71% | pooled-volume difference | 2026-02-02 | 9 | 9 | all peers | 7 |
| 585 | +13.82% | pooled-volume difference | 2026-02-23 | 13 | 7 | bridge aggregators only | 4 |
| 586 | +14.02% | pooled-volume difference | 2026-02-02 | 9 | 9 | without SOCKET | 6 |
| 587 | +14.06% | pooled-volume difference | 2026-02-02 | 17 | 13 | without Maya Protocol | 6 |
| 588 | +14.10% | equal-weight difference | 2026-02-23 | 13 | 7 | all peers | 7 |
| 589 | +14.40% | pooled-volume difference | 2026-02-23 | 17 | 7 | without THORChain | 6 |
| 590 | +14.67% | equal-weight difference | 2026-02-02 | 17 | 9 | without Chainflip | 6 |
| 591 | +14.88% | pooled-volume difference | 2026-02-02 | 17 | 7 | without Rango | 6 |
| 592 | +14.93% | pooled-volume difference | 2026-02-02 | 17 | 13 | without SOCKET | 6 |
| 593 | +14.95% | equal-weight difference | 2026-02-23 | 17 | 7 | without SOCKET | 6 |
| 594 | +15.01% | pooled-volume difference | 2026-02-02 | 9 | 9 | without Maya Protocol | 6 |
| 595 | +15.03% | pooled-volume difference | 2026-02-02 | 9 | 11 | without Bungee | 6 |
| 596 | +15.08% | equal-weight difference | 2026-02-02 | 17 | 11 | without LI.FI | 6 |
| 597 | +15.17% | equal-weight difference | 2026-02-02 | 17 | 11 | without Rango | 6 |
| 598 | +15.18% | equal-weight difference | 2026-02-02 | 17 | 11 | bridge aggregators only | 4 |
| 599 | +15.20% | equal-weight difference | 2026-02-02 | 17 | 13 | without Maya Protocol | 6 |
| 600 | +15.35% | equal-weight difference | 2026-02-02 | 17 | 13 | without SOCKET | 6 |
| 601 | +15.38% | pooled-volume difference | 2026-02-02 | 9 | 11 | without Chainflip | 6 |
| 602 | +15.46% | equal-weight difference | 2026-02-02 | 17 | 11 | all peers | 7 |
| 603 | +15.53% | equal-weight difference | 2026-02-02 | 17 | 9 | without THORChain | 6 |
| 604 | +15.56% | equal-weight difference | 2026-02-02 | 17 | 9 | bridge aggregators only | 4 |
| 605 | +15.63% | pooled-volume difference | 2026-02-02 | 9 | 11 | all peers | 7 |
| 606 | +15.65% | equal-weight difference | 2026-02-02 | 17 | 9 | without LI.FI | 6 |
| 607 | +15.66% | pooled-volume difference | 2026-02-23 | 17 | 7 | all peers | 7 |
| 608 | +15.66% | equal-weight difference | 2026-02-02 | 17 | 13 | bridge aggregators only | 4 |
| 609 | +15.82% | equal-weight difference | 2026-02-02 | 17 | 11 | swap protocols only | 3 |
| 610 | +15.85% | equal-weight difference | 2026-02-02 | 17 | 7 | peers plus excluded candidates | 9 |
| 611 | +15.86% | pooled-volume difference | 2026-02-02 | 9 | 9 | without LI.FI | 6 |
| 612 | +16.08% | synthetic control | 2026-02-23 | 13 | 7 | without LI.FI | 6 |
| 613 | +16.28% | pooled-volume difference | 2026-02-23 | 17 | 7 | without Maya Protocol | 6 |
| 614 | +16.30% | pooled-volume difference | 2026-02-23 | 17 | 7 | swap protocols only | 3 |
| 615 | +16.30% | pooled-volume difference | 2026-02-02 | 17 | 7 | peers plus excluded candidates | 9 |
| 616 | +16.42% | equal-weight difference | 2026-02-02 | 17 | 9 | all peers | 7 |
| 617 | +16.51% | pooled-volume difference | 2026-02-02 | 9 | 9 | without Rango | 6 |
| 618 | +16.54% | pooled-volume difference | 2026-02-02 | 9 | 11 | without SOCKET | 6 |
| 619 | +17.00% | pooled-volume difference | 2026-02-23 | 13 | 11 | peers plus excluded candidates | 10 |
| 620 | +17.09% | pooled-volume difference | 2026-02-23 | 13 | 9 | peers plus excluded candidates | 10 |
| 621 | +17.35% | pooled-volume difference | 2026-02-02 | 9 | 11 | without Maya Protocol | 6 |
| 622 | +17.41% | pooled-volume difference | 2026-02-02 | 17 | 9 | without Bungee | 6 |
| 623 | +17.42% | pooled-volume difference | 2026-02-23 | 13 | 7 | without THORChain | 6 |
| 624 | +17.45% | pooled-volume difference | 2026-02-02 | 9 | 11 | without Rango | 6 |
| 625 | +17.57% | equal-weight difference | 2026-02-23 | 9 | 9 | peers plus excluded candidates | 10 |
| 626 | +17.58% | equal-weight difference | 2026-02-02 | 17 | 9 | swap protocols only | 3 |
| 627 | +17.63% | equal-weight difference | 2026-02-23 | 13 | 7 | without LI.FI | 6 |
| 628 | +17.69% | equal-weight difference | 2026-02-23 | 13 | 7 | without Maya Protocol | 6 |
| 629 | +17.72% | equal-weight difference | 2026-02-02 | 17 | 9 | without Rango | 6 |
| 630 | +17.81% | equal-weight difference | 2026-02-02 | 9 | 9 | peers plus excluded candidates | 10 |
| 631 | +17.82% | equal-weight difference | 2026-02-23 | 9 | 11 | peers plus excluded candidates | 10 |
| 632 | +18.01% | equal-weight difference | 2026-02-23 | 13 | 7 | without SOCKET | 6 |
| 633 | +18.20% | equal-weight difference | 2026-02-23 | 13 | 7 | swap protocols only | 3 |
| 634 | +18.20% | pooled-volume difference | 2026-02-02 | 9 | 9 | peers plus excluded candidates | 10 |
| 635 | +18.52% | equal-weight difference | 2026-02-02 | 17 | 9 | without Maya Protocol | 6 |
| 636 | +18.59% | pooled-volume difference | 2026-02-02 | 17 | 13 | without THORChain | 6 |
| 637 | +18.61% | pooled-volume difference | 2026-02-02 | 9 | 11 | without LI.FI | 6 |
| 638 | +18.78% | pooled-volume difference | 2026-02-02 | 17 | 13 | peers plus excluded candidates | 9 |
| 639 | +19.15% | pooled-volume difference | 2026-02-23 | 17 | 7 | without SOCKET | 6 |
| 640 | +19.27% | pooled-volume difference | 2026-02-02 | 9 | 9 | swap protocols only | 3 |
| 641 | +19.41% | pooled-volume difference | 2026-02-23 | 17 | 7 | without LI.FI | 6 |
| 642 | +19.52% | equal-weight difference | 2026-02-02 | 17 | 11 | without Maya Protocol | 6 |
| 643 | +19.55% | synthetic control | 2026-02-23 | 17 | 7 | swap protocols only | 3 |
| 644 | +19.60% | equal-weight difference | 2026-02-02 | 9 | 13 | peers plus excluded candidates | 10 |
| 645 | +20.16% | pooled-volume difference | 2026-02-02 | 17 | 11 | without Bungee | 6 |
| 646 | +20.39% | pooled-volume difference | 2026-02-02 | 17 | 11 | bridge aggregators only | 4 |
| 647 | +20.52% | equal-weight difference | 2026-02-23 | 17 | 11 | peers plus excluded candidates | 9 |
| 648 | +20.55% | equal-weight difference | 2026-02-23 | 13 | 9 | peers plus excluded candidates | 10 |
| 649 | +20.56% | pooled-volume difference | 2026-02-02 | 17 | 11 | without THORChain | 6 |
| 650 | +20.58% | pooled-volume difference | 2026-02-02 | 17 | 13 | bridge aggregators only | 4 |
| 651 | +20.60% | pooled-volume difference | 2026-02-02 | 17 | 9 | bridge aggregators only | 4 |
| 652 | +20.80% | equal-weight difference | 2026-02-23 | 13 | 11 | peers plus excluded candidates | 10 |
| 653 | +20.82% | equal-weight difference | 2026-02-02 | 17 | 11 | without SOCKET | 6 |
| 654 | +20.96% | equal-weight difference | 2026-02-23 | 17 | 9 | peers plus excluded candidates | 9 |
| 655 | +21.06% | pooled-volume difference | 2026-02-02 | 17 | 9 | without THORChain | 6 |
| 656 | +21.11% | pooled-volume difference | 2026-02-23 | 13 | 7 | without Rango | 6 |
| 657 | +21.15% | pooled-volume difference | 2026-02-02 | 9 | 11 | peers plus excluded candidates | 10 |
| 658 | +21.26% | equal-weight difference | 2026-02-02 | 9 | 11 | peers plus excluded candidates | 10 |
| 659 | +21.34% | equal-weight difference | 2026-02-02 | 17 | 9 | without SOCKET | 6 |
| 660 | +22.06% | pooled-volume difference | 2026-02-23 | 13 | 7 | without Chainflip | 6 |
| 661 | +22.21% | pooled-volume difference | 2026-02-02 | 17 | 9 | without Chainflip | 6 |
| 662 | +22.73% | pooled-volume difference | 2026-02-23 | 13 | 7 | without Bungee | 6 |
| 663 | +22.91% | pooled-volume difference | 2026-02-02 | 17 | 9 | swap protocols only | 3 |
| 664 | +23.19% | pooled-volume difference | 2026-02-02 | 17 | 9 | all peers | 7 |
| 665 | +23.20% | pooled-volume difference | 2026-02-02 | 9 | 11 | swap protocols only | 3 |
| 666 | +23.26% | synthetic control | 2026-02-23 | 13 | 7 | swap protocols only | 3 |
| 667 | +23.58% | pooled-volume difference | 2026-02-02 | 17 | 9 | without LI.FI | 6 |
| 668 | +23.72% | equal-weight difference | 2026-02-23 | 9 | 7 | peers plus excluded candidates | 10 |
| 669 | +23.89% | pooled-volume difference | 2026-02-23 | 13 | 7 | all peers | 7 |
| 670 | +24.05% | equal-weight difference | 2026-02-02 | 17 | 9 | peers plus excluded candidates | 9 |
| 671 | +24.25% | pooled-volume difference | 2026-02-02 | 17 | 9 | without Maya Protocol | 6 |
| 672 | +24.27% | pooled-volume difference | 2026-02-23 | 9 | 7 | peers plus excluded candidates | 10 |
| 673 | +24.56% | pooled-volume difference | 2026-02-02 | 17 | 11 | without Chainflip | 6 |
| 674 | +24.96% | pooled-volume difference | 2026-02-23 | 13 | 7 | without Maya Protocol | 6 |
| 675 | +25.27% | pooled-volume difference | 2026-02-02 | 17 | 11 | all peers | 7 |
| 676 | +25.81% | equal-weight difference | 2026-02-02 | 17 | 13 | peers plus excluded candidates | 9 |
| 677 | +25.85% | pooled-volume difference | 2026-02-02 | 17 | 9 | without SOCKET | 6 |
| 678 | +25.87% | pooled-volume difference | 2026-02-02 | 17 | 9 | peers plus excluded candidates | 9 |
| 679 | +26.23% | pooled-volume difference | 2026-02-02 | 17 | 9 | without Rango | 6 |
| 680 | +26.51% | pooled-volume difference | 2026-02-02 | 17 | 11 | without LI.FI | 6 |
| 681 | +26.79% | pooled-volume difference | 2026-02-02 | 17 | 11 | without Maya Protocol | 6 |
| 682 | +26.85% | equal-weight difference | 2026-02-23 | 13 | 7 | peers plus excluded candidates | 10 |
| 683 | +26.96% | pooled-volume difference | 2026-02-02 | 17 | 11 | swap protocols only | 3 |
| 684 | +27.03% | pooled-volume difference | 2026-02-23 | 13 | 7 | without SOCKET | 6 |
| 685 | +27.24% | pooled-volume difference | 2026-02-02 | 17 | 11 | without Rango | 6 |
| 686 | +27.67% | equal-weight difference | 2026-02-23 | 17 | 7 | peers plus excluded candidates | 9 |
| 687 | +27.88% | equal-weight difference | 2026-02-02 | 17 | 11 | peers plus excluded candidates | 9 |
| 688 | +28.26% | pooled-volume difference | 2026-02-23 | 17 | 7 | peers plus excluded candidates | 9 |
| 689 | +28.64% | pooled-volume difference | 2026-02-02 | 17 | 11 | without SOCKET | 6 |
| 690 | +28.91% | pooled-volume difference | 2026-02-23 | 13 | 7 | without LI.FI | 6 |
| 691 | +29.05% | pooled-volume difference | 2026-02-02 | 17 | 11 | peers plus excluded candidates | 9 |
| 692 | +29.93% | pooled-volume difference | 2026-02-23 | 13 | 7 | swap protocols only | 3 |
| 693 | +34.14% | pooled-volume difference | 2026-02-23 | 13 | 7 | peers plus excluded candidates | 10 |
Since then revenue is 4.90x, and 77% of that growth is the higher cut
Revenue is volume times the fee rate times the share NEAR keeps, so its growth splits exactly into those three. Latest 13 weeks against the 13 before the switch.
Ratios of window totals. Shares of growth are shares of the log change. Source: DefiLlama, NEAR Intents volume, NEAR Intents fees, NEAR Intents revenue, NEAR Intents revenue by label.
Show the data (4 rows)
| Measure | Latest window divided by the window before the switch |
|---|---|
| Revenue per day | ×4.90 |
| Volume | ×1.67 |
| Fee rate users pay | ×0.87 |
| Share of fees NEAR keeps | ×3.38 |
Share of the peer basket: 43.4% before, 43.1% after, 42.5% now
NEAR Intents volume divided by its own plus the 7 peers'. Week to week it swings with the largest peer; over whole windows it has barely moved. Leaving any one peer out, the change to the latest window is between −4.1 and +3.3 points.
Plain sums of daily volume. A day on which a peer reports nothing counts as zero for that peer. Source: DefiLlama, NEAR Intents volume, THORChain volume, Chainflip volume, Maya Protocol volume, LI.FI volume, SOCKET volume, Rango volume, Bungee volume.
Show the data (50 rows)
| Week starting | Share | NEAR Intents per day | Seven peers per day |
|---|---|---|---|
| 2025-11-24 | 39.2% | $76.0M | $118.1M |
| 2025-12-01 | 38.1% | $77.1M | $125.3M |
| 2025-12-08 | 28.3% | $55.6M | $140.9M |
| 2025-12-15 | 43.7% | $63.9M | $82.4M |
| 2025-12-22 | 49.8% | $66.0M | $66.7M |
| 2025-12-29 | 43.7% | $51.3M | $66.1M |
| 2026-01-05 | 57.2% | $87.0M | $65.0M |
| 2026-01-12 | 39.4% | $87.4M | $134.7M |
| 2026-01-19 | 53.4% | $98.4M | $85.7M |
| 2026-01-26 | 44.3% | $100.0M | $125.7M |
| 2026-02-02 | 42.7% | $131.2M | $176.1M |
| 2026-02-09 | 51.0% | $83.7M | $80.3M |
| 2026-02-16 | 40.6% | $49.6M | $72.5M |
| 2026-02-23 | 41.3% | $71.8M | $101.9M |
| 2026-03-02 | 40.7% | $67.1M | $97.7M |
| 2026-03-09 | 45.5% | $57.3M | $68.7M |
| 2026-03-16 | 50.2% | $70.8M | $70.3M |
| 2026-03-23 | 57.1% | $69.3M | $52.1M |
| 2026-03-30 | 55.5% | $75.3M | $60.4M |
| 2026-04-06 | 53.5% | $74.3M | $64.6M |
| 2026-04-13 | 45.4% | $60.3M | $72.5M |
| 2026-04-20 | 20.2% | $53.0M | $208.7M |
| 2026-04-27 | 45.9% | $51.1M | $60.2M |
| 2026-05-04 | 42.1% | $58.9M | $81.2M |
| 2026-05-11 | 50.5% | $52.8M | $51.7M |
| 2026-05-18 | 57.1% | $67.1M | $50.4M |
| 2026-05-25 | 69.2% | $88.6M | $39.4M |
| 2026-06-01 | 58.8% | $107.6M | $75.5M |
| 2026-06-08 | 64.1% | $73.1M | $40.9M |
| 2026-06-15 | 64.4% | $66.8M | $36.9M |
| 2026-06-22 | 58.6% | $66.1M | $46.7M |
| 2026-06-29 | 60.0% | $75.7M | $50.4M |
| 2026-07-06 | 49.2% | $74.6M | $77.0M |
| 2026-07-13 | 49.6% | $73.6M | $74.8M |
| 2026-07-20 | 47.7% | $67.2M | $73.7M |
| 2026-07-27 | 47.5% | $60.0M | $66.4M |
| 2026-08-03 | 50.9% | $65.4M | $63.1M |
| 2026-08-10 | 53.5% | $65.3M | $56.7M |
| 2026-08-17 | 52.2% | $122.9M | $112.7M |
| 2026-08-24 | 48.3% | $112.2M | $120.2M |
| 2026-08-31 | 47.6% | $145.6M | $160.6M |
| 2026-09-07 | 39.8% | $130.0M | $196.9M |
| 2026-09-14 | 53.7% | $166.2M | $143.1M |
| 2026-09-21 | 39.9% | $182.8M | $275.1M |
| 2026-09-28 | 39.4% | $135.0M | $207.9M |
| 2026-10-05 | 50.5% | $164.4M | $161.0M |
| 2026-10-12 | 37.0% | $125.1M | $213.3M |
| 2026-10-19 | 42.9% | $110.5M | $147.1M |
| 2026-10-26 | 36.0% | $125.3M | $222.6M |
| 2026-11-02 | 30.2% | $130.3M | $301.3M |
What counts against the thesis
- A real loss cannot be ruled out. The interval reaches −18.9%. A loss of up to 18.9% is consistent with the data, so the strict form of the claim (no loss beyond 15%) fails.
- The gap was drifting down when the test had to stop. NEAR Intents ran +4.5% against its basket in the first 5 weeks and −7.0% in the last 6; −11.2% in the last three. Then Maya Protocol and THORChain report no volume from 2026-05-16.
- The basket follows NEAR Intents only loosely. Typical weekly gap before the switch: 0.14 log points. Pretending the switch happened on 2026-01-19, the test reports +6.4% where the truth is zero.
- One of three estimators cannot rule out break-even. The pooled-volume estimator gives +4.3% (−33.6% to +66.5%).
- Some window choices disagree. Of 21 combinations of event date and window, the break-even loss is ruled out in 18, not determined in 2 and not ruled out in 1. In 1 the whole interval is below zero.
- How much the cut rose depends on the window: 1.28x to 1.64x, which puts the break-even loss between 21.8% and 38.9%. As DefiLlama books the transfers, the capture ratio reads 1.64x; spread over the days the money was earned it is 1.48x.
- Volume did fall in dollars. NEAR Intents volume fell 18.4% after the switch. The peers together fell 17.2%.
- The later rise has no test of its own. The share of fees NEAR keeps went from 11.89% to 27.10% after the test window, with no dated change to test.
- The rules were written after a first look at the data. No out-of-sample test exists yet; the dated check below is the only one.
- Apart from swapkit, the partners with a fee to share fell behind. Fee-charging partners other than swapkit sent 0.48x their earlier volume after the switch, while partners with no fee to share sent 0.93x: a gap of 0.52x, with a sampling error of about 19% either way. In the latest window it is 0.94x against 1.39x. This is what leaving because of the fee switch would look like. The result for the whole group rests on swapkit staying.
- Some partners did leave. Of the 10 largest before the switch, 4 sent less than half their earlier volume after it (zashi / zodl, infinex.near, rhea and solswap.intents-referral.near), and 2 of those less than 10% (infinex.near and rhea). In the latest window 1 is below 10% (infinex.near). The sample cannot say why a partner sent less.
Check it yourself, with today's data
Everything above comes from a stored snapshot, so that anyone can rebuild it byte for byte. This part does not: the button asks DefiLlama for the current numbers and your browser redoes the headline sum.
Nothing is downloaded until you press the button.
| Window | Days | Swap volume | Fees users paid | Revenue to NEAR | Take per $100 (cents) |
|---|
The 10 largest partner apps sent 0.94x their earlier volume after the switch, and 1.29x now
Totals can hold while single partners leave. NEAR's own swap records name the partner app behind each swap. This is a sample of 1,048,000 of them, taken at fixed hours on every day, covering the part of NEAR Intents that runs through its 1Click service (about 30% of volume before the switch). 2 of the 10 fell below a tenth of their earlier volume: infinex.near and rhea.
Dollars in each window's sampled blocks divided by the time those blocks span. Taken with a partner key; stored as totals per partner app. Source: NEAR Intents Explorer API, sample fingerprint 809349ffbb99.
Show the data (11 rows)
| Partner app | Per day before | Per day after | Per day latest | After against before | Latest against before |
|---|---|---|---|---|---|
| The 10 together | $17.7M | $16.6M | $22.8M | ×0.94 | ×1.29 |
| swapkit | $9.76M | $10.6M | $13.3M | ×1.09 | ×1.37 |
| rango | $2.97M | $2.55M | $2.83M | ×0.86 | ×0.95 |
| zashi / zodl | $2.40M | $1.18M | $2.39M | ×0.49 | ×1.00 |
| infinex.near | $681K | $41K | $28K | ×0.06 | ×0.04 |
| lifi | $626K | $1.36M | $3.32M | ×2.18 | ×5.30 |
| rhea | $310K | $11K | $160K | ×0.03 | ×0.52 |
| stableflow | $309K | $203K | $395K | ×0.66 | ×1.28 |
| meru | $295K | $310K | $39K | ×1.05 | ×0.13 |
| solswap.intents-referral.near | $173K | $71K | $22K | ×0.41 | ×0.13 |
| cow | $170K | $226K | $319K | ×1.33 | ×1.88 |
- The 10 largest partners together sent 0.94x their earlier volume per day after the switch and 1.29x in the latest window. NEAR Intents as a whole, in DefiLlama's data, was 0.82x and 1.67x; the peers together were 0.83x and 1.73x.
- Taken together, partners that charged an app fee did no worse after the switch than partners that charged none: 0.94x against 0.93x.
- All 10 still appear in the sample in the latest window.
- Partner apps sent 78% of the sampled volume before the switch, 75% after and 76% in the latest window.
- Partner apps that do not appear in the sample before the switch sent 10% of partner volume in the latest window.
- The app fee partners charged was 57.3 cents per $100 before, 52.9 after and 53.6 latest. Partners did not raise the fee they charge to make up for NEAR's share.
- The largest partners sent less after the switch. 0.94x their earlier volume per day, with a sampling error of about 8% either way. NEAR Intents as a whole was 0.82x over the same weeks, so the partners did no worse than the total, but the total fell.
- The sample is not the whole of NEAR Intents. It holds swaps made through the 1Click service, about 30% of DefiLlama's volume before the switch, 36% after and 27% latest. It is taken at fixed hours (00:00, 08:00 and 16:00 UTC), not all day. The partner name is the one the app declares.
- Most app fees in the sample are still addressed to the partner. Of the app fees declared in the sampled swaps, 0.8% named NEAR's fee-share wallets as the receiver before the switch, 5.9% after and 6.9% latest. NEAR's documentation gives 50/50 as the default split. The field shows where a swap's app fee is addressed. It does not show what NEAR collects in other ways, so it is not a measure of the split.
What would change the verdict
The verdict is computed by fixed rules. It turns to "not supported" if the take fails to rise under any window choice, if the interval reaches the break-even loss, if the estimate is below −15% and more than 50% of the clean runs are too, or if, in the latest 13 weeks, NEAR keeps less than 20% of fees or its share of the basket is more than 10 points below the level before the switch.
The last rule will be read again on the first snapshot with data through the day before 15 February 2027. Status today: not yet due.
Who the peers are, and who was left out
Bridge aggregators are taken from DefiLlama's list of 42 by rule: at least $1 billion of volume in the past year, not flagged as double-counted, and weekly volume in each of the 26 weeks before the switch. Adding the excluded ones back moves the main estimate to +4.7%.
| Service | Kind | Used as a peer | Reason if not |
|---|---|---|---|
| THORChain | swap protocol | yes | |
| Chainflip | swap protocol | yes | |
| Maya Protocol | swap protocol | yes | |
| Jumper | bridge aggregator | no | flagged as double-counted by DefiLlama |
| LI.FI | bridge aggregator | yes | |
| Silentswap | bridge aggregator | no | no weekly volume in the week of 2025-08-25 |
| SOCKET | bridge aggregator | yes | |
| Bitget Wallet X | bridge aggregator | no | no weekly volume in the week of 2025-08-25 |
| Rango | bridge aggregator | yes | |
| OpenSea | bridge aggregator | no | flagged as double-counted by DefiLlama |
| 0x | bridge aggregator | no | no weekly volume in the week of 2025-08-25 |
| Bungee | bridge aggregator | yes |
The data
Every file is DefiLlama's response stored unchanged. The rebuild stops if a file does not match its hash. Snapshot fingerprint 1517238020c83d4c.
| Service | Measure | Role | Days covered | Fetched (UTC) | SHA-256 |
|---|---|---|---|---|---|
| NEAR Intents | volume | treated | 2024-12-10 to 2026-11-12 | 2026-11-13T18:09:11Z | 3a66e2dab201 |
| NEAR Intents | fees | treated | 2025-05-10 to 2026-11-12 | 2026-11-13T18:09:12Z | 2720f6a27aa4 |
| NEAR Intents | revenue | treated | 2025-05-10 to 2026-11-12 | 2026-11-13T18:09:13Z | 7551222160b4 |
| NEAR Intents | holders revenue | treated | 2025-05-10 to 2026-11-12 | 2026-11-13T18:09:14Z | 7c5b89349c96 |
| NEAR Intents | revenue by label | treated | 2025-09-22 to 2026-11-12 | 2026-11-13T18:09:15Z | 4a0639c0ad6a |
| THORChain | volume | peer | 2021-04-12 to 2026-11-12 | 2026-11-13T18:09:16Z | 2de06386decc |
| Chainflip | volume | peer | 2024-06-01 to 2026-11-13 | 2026-11-13T18:09:17Z | fbfac9f60a5c |
| Maya Protocol | volume | peer | 2025-08-18 to 2026-11-12 | 2026-11-13T18:09:18Z | b2929ccc9514 |
| LI.FI | volume | peer | 2024-12-31 to 2026-11-13 | 2026-11-13T18:09:19Z | 98d8e99d7b99 |
| SOCKET | volume | peer | 2024-09-23 to 2026-11-12 | 2026-11-13T18:09:20Z | a858bf6b7a2a |
| Rango | volume | peer | 2024-09-29 to 2026-11-12 | 2026-11-13T18:09:22Z | 701ec4163c3c |
| Bungee | volume | peer | 2025-01-21 to 2026-11-13 | 2026-11-13T18:09:23Z | b9214d33b7db |
| Jumper | volume | candidate | 2023-11-18 to 2026-11-13 | 2026-11-13T18:09:24Z | 89598d041cc6 |
| OpenSea | volume | candidate | 2025-03-13 to 2026-11-12 | 2026-11-13T18:09:25Z | 9cb9760d3ea4 |
| Silentswap | volume | candidate | 2025-11-01 to 2026-11-12 | 2026-11-13T18:09:26Z | 2b8a4321ae2f |
| Bitget Wallet X | volume | candidate | 2024-12-01 to 2026-11-12 | 2026-11-13T18:09:26Z | f552c56bed0c |
| 0x | volume | candidate | 2026-02-25 to 2026-11-12 | 2026-11-13T18:09:28Z | 2ba7f72d8574 |
| Bridge aggregators | overview | universe | to | 2026-11-13T18:09:28Z | a15cbff56fc4 |