Why split routers compare marginal output
Understand why a split optimizer compares the extra output from the next unit rather than ranking routes by their average rate alone.
Explore the reference
Routing & execution — page 2
Follow how routes, order types and settlement choices change the outcome of a swap.
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Why split routes cannot treat a shared pool as independent
See why two branches that share a liquidity pool cannot both use quotes calculated against the same untouched reserves.
Why the best route changes with trade size
See why the same pair can use a direct pool for one amount and a split or multi-hop route for another.
Why the final output matters more than one favorable hop
Follow token units through a multi-hop path and see why an attractive intermediate rate does not determine the final receipt.
Why two aggregators may return the same route
Explain why independent aggregators can select identical pools and why shared routes do not by themselves reveal commercial relationships.