Product
Mapping the Flow of DEX Swap Execution: Allium’s Orderflow Explorer
Contributors: Soon Guan Tan (Data Analyst, Allium), Soo Hyung Choe (Data Analyst, Allium), Jackie Zhang (Head of Data Science, Uniswap Foundation) Summary When a user swaps on Ethereum, the transaction often passes through multiple intermediaries (wallets, meta-aggregators, solvers, aggregators) before reaching liquidity pools. Each layer serves a purpose, but