Today, we dive into a new DEX research paper 'Execution Welfare Across Solver-based DEXes'. Joined by the authors, to find out which DEX is the best—enjoy!
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Timestamps:
(00:00) Introduction  
(04:53) What motivated this research?  
(10:00) Measuring DEX end-user satisfaction  
(12:29) Trade simulations vs historic trade data  
(16:53) Research findings: welfare boxplot  
(20:18) Asset-type dependence/platform comparison  
(23:00) V2 liquidity attraction  
(24:33) Onchain execution vs CEX  
(33:10) DEX recommendations  
(35:23) PEPE Ethereum onchain liquidity: long tail  
(38:50) Trader profiles  
(44:43) PMM/AMM liquidity comparisons  
(50:56) How has your own behavior changed from research findings?  
(1:01:37) Outro  
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Content links:
Research paper: https://arxiv.org/abs/2503.00738
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The Indexed Podcast discusses hot topics, trendy metrics, and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby_, @0xBoxer, and @sui414.  

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