ROBINHOOD CHAIN · EXECUTION ROUTE INTELLIGENCE
Who routes
the order flow?
A conservative tape of verified aggregators landing swaps across Robinhood’s active exchange layer. Multi-DEX routes count once; unknown and direct traffic stays outside the headline.
EXPERIMENTAL PILOT · WETH / USDG
DAILY ROUTE TAPE
Routed USD volume
ROUTER CONTROL
Share of selected flow
EXECUTION ROUTES
Aggregator → DEX → pool flow
Observed attributed volume. Select a route to inspect its share, transactions, and pool contract.Route attribution joins a verified aggregator entry to factory-authenticated DEX pool events. The All DEXes headline counts each transaction once at its earliest verified pool event; the map proves observed execution, not hidden internal hops or off-chain quote intent.
PAIR LEDGER
Largest routed markets
| MARKET | DEX | ENGINE | ROUTER | VOLUME | TXS | TRADER-DAYS | POOL |
|---|
COUNTING RULES
One route, one headline
- Identifysuccessful traces touching a verified aggregator entry contract
- Resolvethe shallowest trace; deterministic priority breaks ties
- Verifypool events against decoded factory creation events for each supported DEX
- Deduplicateeach cross-DEX transaction at the earliest verified pool event
- Priceat execution minute; unpriced events stay flagged and outside USD totals
VERIFIED ENTRY CONTRACTS
Attribution allowlist
SOURCE COVERAGE
Decoded engines & pricing
MARKET-STRUCTURE PILOT · LP ECONOMICS
Did the fee pay
for the flow?
Each swap leg is marked against an independent future price. We compare fees earned with the value extracted from LPs; 100% coverage is break-even. “Toxic volume” remains a diagnostic, not the headline.
SELECTED FLOW VERDICT
CALCULATING…
Fees earned ÷ value extracted from LPsFEE DEFENSE
Aggregator comparison
| AGGREGATOR | VERDICT | FEE COVERAGE | LP NET | FEES | EXTRACTED | NOTIONAL | LEGS |
|---|
PAIR DETAIL · POOL-LEVEL ECONOMICS
WETH / USDG fee coverage
| POOL | ENGINE | FEE TIER | AGGREGATOR | VERDICT | FEE COVERAGE | LP NET | MARKOUT | NOTIONAL | LEGS |
|---|
Markout and positive-flow share describe what happened after execution; they do not establish trader intent. Pool comparisons with thin samples are evidence, not rankings.