Put an end to failed transactions with the lowest trade failure rates in DeFi. Matcha revert rates are up to 50% lower than leading competitors.
When you take trading seriously, you know every percent counts. Thriving in DeFi is a numbers game and one of the numbers you may be overlooking is your trade revert rate. That’s the number of times your trade failed to execute, leaving you holding nothing but a missed opportunity.
The lowest failure rates in DeFi
Catch every trade with fast execution and minimal reverted transaction. Swaps made on Matcha have almost half the revert rates of competitors - around 5% compared to over 10% on 1inch and Uniswap, on average. That means switching to Matcha reduces the chance of a failed trade from 1 in 10 transactions to 1 in 20!
Combined, the average revert rate of all decentralized exchanges (DEXs) is above 9%. Matcha gives you up to 50% better performance on standard mode without taking a fee. For an even better experience, use Matcha Auto to achieve revert rates as low as 1%!
Measuring trade failure rates across DEXs
We track the average trade revert rates for DEXs and 11 DEX aggregators using this Dune dashboard. On this chart, you can see the revert rates for swaps on Matcha alongside two prominent competitors, 1inch and Uniswap.
While trade failure rates will vary with blockchain network conditions, Matcha has maintained a clear lead looking at months of historical data. We are constantly adding new liquidity sources while the 0x team keep driving innovation in web3 infrastructure to keep value flowing freely.
Using Matcha can reduce the chance of failed swaps from 1 in 10 to just 1 in 20!
These results are also confirmed in the 2023 Messari Q3 2023 brief for Matcha, showing that there was a 2.7% decrease last quarter in the rate of failed trades, resulting in a quarterly average of 5.9%. The report also covers Matcha Auto, which delivers an average 98.5% success rate!
Lower transaction failures benefit your trades
When a transaction fails, it costs you time, money and opportunity. Lower revert rates means more successful trades, and less wasted gas. With half the failure rate of the competition, you can amplify your potential wins and ensure you're always ready to capitalize on the next opportunity.
Spend less time troubleshooting and more time trading. Matcha’s consistently low revert rates are a measure of reliability, helping you execute with confidence. Optimal routing without hidden costs gives you fast and efficient trade execution every time you need it to enhance your competitive edge in the DeFi space.
Why do trades fail?
Blockchains are robust but nodes are fallible - delays in communication can mean your order isn’t valid anymore by the time it hits the blockchain. More reasons a trade can fail include a lack of liquidity, mishandled gas, and other issues that affect execution time.
How Matcha keeps failure rates so low
Failed transactions are endemic to any financial network. But they can be minimized through reliable infrastructure and top-class engineering. DEX aggregators like Matcha tap into hundreds of liquidity sources, both AMMs and private market makers, ensuring access to enough liquidity when you need it and minimizing the chances of failed swaps.
Compared to other DEX aggregators, Matcha’s outstanding performance is thanks to 0x, whose industry-leading Swap API and TxRelay API sit at the heart of our trading engine. 0x infrastructure brings optimal routing, a key factor in achieving the best time to execution for your trades - and the lowest revert rates in DeFi!
0x Swap API is the key to connecting you with liquidity when you need it, unlocking access to literally millions of tokens while also keeping gas costs accurate. Regular DEXs rely on healthy liquidity pools, but a DEX aggregator like Matcha can tap into liquidity from all across web3.
0x TxRelay API is used by Matcha Auto to grant your trades privileged treatment for faster execution without surprise costs.
Matcha sets a lower default slippage tolerance than competitors and still achieves lower revert rates!
DEXs can’t compete in terms of liquidity, but even among DEX aggregators, Matcha tends to come out ahead. That’s because the routing algorithms used by DEX aggregators can impact the success rate of trades. An aggregator with a more optimized routing engine should therefore see fewer failed trades.
Trade failures and slippage
Slippage is the price difference between the trade rate you expect when you make a swap and the actual execution of the trade on the blockchain. Setting a high slippage tolerance means you approve the transaction to execute at any price up to a certain percentage above the rate you entered.
In some cases, being generous with slippage tolerance may increase the chances of a transaction going through but it isn’t always the case, and doing so can have a negative impact on your executed price. Although Matcha actually sets a lower default slippage than some competitors, it still achieves lower revert rates.
Even better execution with Matcha Auto
Revert rates on Matcha get even lower when using Matcha Auto, an enhanced trading mode that gives you gasless swaps and MEV protection, using private channels to settle trades.
Using Matcha Auto can save you up to 0.5% on slippage compared to alternative platforms, at a cost of just 0.15%. This is at least partially due to the way trades are executed, including use of Order Flow Auctions (OFAs), a new type of order system that has also helped democratize MEV extraction.
By using private mempools for OFAs, 0.5% of all trading volume - around $1M a month - has been saved for Matcha Auto users. That’s on top of fewer failed trades, faster confirmations, gasless swaps and an ultra-low revert rate.
Make the switch to Matcha
Make more of your trades with deeper liquidity, fewer failed trades, and no hidden fees on Matcha. Swaps are free, so you get the most for your money when you tap into the aggregated liquidity of DeFi. For an even smoother trade, turn on Matcha Auto and get revert rates as low as 1%. Save time and money trading with Matcha!