Research & Analysis
On-chain data on what large token holders leave on the table — and what changes with TWAP execution.
Vitalik Flagged a 2% Slippage Tax. We Tested It Two Ways.
We walked Vitalik’s P-asset roll algorithm across two years of real ETH/USD and real Uniswap V3 depth. Active TWAP slicing already clears the 2%/yr bar below $10M; a passive maker mode could cut drag further, but its edge thins under stress.
Read postWe Analysed Two Years of Base DEX Swaps. $1.9 Billion Was Left on the Table.
10.6M transactions across 4 DEXes. 114,921 simulations. $1.9B in recoverable value over two years. 100% TWAP win rate.
Read post
The Cost of Dumping: A Year of BRETT Swaps Analysed
We analysed 4,904,179 BRETT swaps on Base. Large sellers left ~$70M on the table. Here's what the data shows.
Read post
$103M Left on the Table: Two Years of DEGEN Swaps, Analysed
We analysed 4,184,612 DEGEN swaps on Base. Large sellers left ~$103M on the table. Pool depth explains 96.6% of TWAP improvement.
Read post
We Analysed 40,906,680 VIRTUAL Swaps. Here's What Large Sellers Are Leaving on the Table.
We analysed 40,906,680 VIRTUAL swaps on Base. Large sellers left ~$93M on the table. Pool depth explains 93% of TWAP improvement.
Read post
We Analysed 23.9 Million AERO Swaps. Here's What Aerodrome's Own Token Holders Are Leaving on the Table.
We analysed 23,932,916 AERO swaps across 4 DEXs on Base. 15 whale wallets left $4.5M on the table. 100% TWAP win rate.
Read post