The Multi-Chain Liquidity Fragmentation Crisis: Why 100x Liquidity Across Chains Still Results in 10x Slippage
A trader holds $1 million in USDC and needs to move it from Ethereum to Arbitrum, then execute a swap into ETH. The transaction appears straightforward: bridge the stablecoin, swap it on a decentralized exchange, and receive the output. Yet the actual execution reveals a deeper problem. Ethereum’s on-chain DEX liquidity for USDC–ETH may be […]