Research & Analysis
On-chain data on what large token holders leave on the table — and what changes with TWAP execution.
We 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.
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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.
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$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.
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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.
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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.
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