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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/19/2026

DEXs Leave $1.6B Idle as 1inch Pushes Aqua Protocol

What happened: A Dune Analytics study commissioned by 1inch found that about $1.

DEXs Leave $1.6B Idle as 1inch Pushes Aqua Protocol

What happened: A Dune Analytics study commissioned by 1inch found that about $1.6 billion in concentrated liquidity on major DEXs sits idle, with $542 million weekly entirely out-of-range and earning no fees. The research, covering Uniswap v3/v4, PancakeSwap v3, and Aerodrome Slipstream, estimates $150 million in annual fees are foregone due to underutilization. Individual wallets, not contract-managed positions, account for the vast majority of this inefficiency.

Why it matters: The findings highlight persistent inefficiencies in DeFi capital deployment, especially as DEXs shift to concentrated liquidity models. The study’s timing is notable: 1inch is preparing to launch its "Aqua" protocol, which aims to address exactly this problem. While the data is robust, the framing serves 1inch’s product narrative, and the real-world cost of keeping liquidity active (gas, rebalancing) complicates the "lost fees" calculation.

Source: CoinDesk