DeFi aggregators are moving away from traditional on-chain routing toward intent-based architectures, where users simply declare their desired outcome and competing solvers handle execution off-chain. KyberSwap has captured approximately 31% of DEX aggregator market share despite overall trading volumes declining roughly 40% in early 2026. The platform aggregates liquidity from over 420 sources across 17 different chains and has facilitated more than $150 billion in lifetime transactions. This model delivers tangible benefits including better execution prices through solver competition, gasless execution for users and near-automatic MEV protection. The primary risk is potential solver centralization, which could undermine the competitive dynamics that make intent-based trading attractive.
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