TYPICAL RFQ DECISION WINDOW
MORE FAILURE MODES
VS SINGLE-VENUE SWAPS
Users just want it to clear.
When swaps fail, wallets lose conversion, capital stays trapped, and users stop trusting cross-venue routing — even when pricing looks good on paper
Routing adds hops — hops add failure modes.
Aggregators stitch liquidity across venues and chains. Every extra step adds latency, retries, timeouts, and settlement uncertainty — widening effective spreads
Execution breaks under volatility.
RFQ windows are short. Prices move fast. Quotes go stale, inventories shift, and “best route” often doesn’t survive the decision window
PROBLEM