KyberSwap leads DeFi aggregators with 31% market share using intent-based trading amid market decline

DeFi aggregators are shifting to intent-based trading, where users specify their desired trade outcomes off-chain and competing solvers find the best execution paths. KyberSwap has taken a commanding lead with 31% market share despite a 40% decline in overall aggregator volumes in early 2026. Its broad infrastructure spans 420+ liquidity sources across 17 chains, enabling superior trade execution. This model offers benefits like gasless trades and MEV protection, but risks include potential solver centralization that could reduce competition.