A comprehensive benchmark study by analytics firm Block Scholes has put Bitget Wallet at the forefront of high-volume on-chain trading, revealing that efficient liquidity routing can dramatically reduce costs in the fragmented decentralized exchange (DEX) landscape. The report, which compared real-time API quotes from Bitget Wallet, KyberSwap, 0x, and Jupiter, found that Bitget Wallet's routing engine outperformed its competitors in up to 78% of tested scenarios involving Bitcoin, Ethereum, Solana, and stablecoin pairs.
Decentralized exchanges now account for an estimated 14% of global crypto spot volume, a massive leap from less than 0.1% five years ago. As the stablecoin market has ballooned to over $300 billion in circulation—and with U.S. Treasury Secretary Scott Bessent projecting a $2 trillion market by 2028—the need for sophisticated trade execution has never been greater. The simulation showed that splitting a $10 million transaction across multiple liquidity pools preserved nearly $8,000 in execution value, underscoring the financial significance of routing efficiency.
Fragmented liquidity poses a growing challenge
Unlike traditional finance, where capital concentrates in a few venues, crypto liquidity is spread across dozens of blockchains and hundreds of pools. Block Scholes' researchers stressed that merely accessing liquidity is no longer a differentiator; the true edge lies in how routing engines navigate and combine these fragmented sources. The study documented thousands of simultaneous quote comparisons, covering trade sizes from under $1,000 to $100,000. Internal data from Bitget Wallet also showed a fivefold increase in average individual swap volume during the first five months of 2026, with peaks exceeding $1,200—an indication of growing institutional and sophisticated trader participation.
Thahbib Rahman, research analyst at Block Scholes, noted, “With capital distributed across hundreds of autonomous platforms, the ability to process orders optimally shapes up to be a decisive factor in reducing operational costs for institutional trading desks operating directly on the blockchain.”
The report emphasized that integrating gas costs into route calculations and dynamically splitting orders based on market depth were key drivers behind Bitget Wallet's superior performance. As on-chain trading continues to expand, the findings highlight that infrastructure investments in smart routing can yield tangible savings, potentially reshaping how large traders interact with DeFi.
