Why Blade Has Better Trading Prices

Because Blade generates more efficient returns for LPs, it can afford to offer better prices to traders.

With ~$10M in liquidity (TVL), Blade has best priced trades up to $10k. As TVL grows, Blade will have best prices on larger trades--e.g., $50M TVL would correspond to best prices on trades up to $50k.

Below are the results of a sampling study against 0x API for a $10K USDC<>ETH trade over several days in August 2023. The results show Blade beat 0x 92.5% of the time on both legs of the trade and 99.6% of the time on at least one leg.

Note: Blade is "Clipper" in the chart below; Clipper was the initial name of Blade

Blade vs 0x Performance Comparison