Matcha is a DEX aggregator that routes trades across many liquidity sources to improve execution quality. It is built by the team behind 0x, so the product’s core strength is routing and market structure rather than a single-DEX view.
Matcha is designed for two overlapping goals:
Matcha routes swaps across a large set of venues and liquidity types, including AMMs and RFQ liquidity. The mechanism is simple: one venue rarely provides the best fill for every size, so splitting the trade can reduce slippage.
RFQ-style liquidity can fill trades privately with professional market makers. When it works, it reduces the time a trade is exposed to hostile searchers and can improve fill quality.
This matters most for:
Matcha’s MEV posture is strongest when the workflow avoids broadcasting the intent to the public mempool.
Key execution elements:
This does not remove MEV entirely. It reduces predictable forms of MEV that come from broadcasting an obvious swap into a hostile mempool.
Matcha has different trade modes, and they matter because they change who pays gas and how fees are applied.
Matcha Auto enables trading without holding the chain’s native gas token by converting the gas cost into a “settlement fee” paid in the swapped token. This is valuable for:
A tradeoff exists: the settlement fee is designed to approximate gas cost, but it can be higher than the gas that would have been paid directly.
Matcha Standard behaves like a more typical aggregator flow where gas is paid normally and routing focuses on best execution.
The best way to evaluate Matcha is to model total cost per trade, not just “swap fee.” Total cost includes:
Matcha’s fee structure varies by mode.
Matcha Standard trades on certain chains carry a 0.10% swap fee. Chains named in the fee schedule include Blast, Scroll, Mantle, Mode, Monad, and Linea.
Limit orders use a separate fee schedule, including:
Matcha can retain trade surplus when an execution improves relative to the quoted amount, while still guaranteeing at least the quoted minimum. Some trades may also use order flow auctions that can generate rebates without changing the quoted price.
Matcha is built to improve the probability of getting a reasonable fill, especially when liquidity is fragmented.
Public mempool trading is often punished in fast markets. Matcha’s routing and private paths reduce the most predictable sandwich patterns.
The trade confirmation flow tends to present the fees and costs that matter for decision-making: gas, swap fee, and expected output.
If a token only has shallow AMM liquidity, there is no routing trick that can create depth. Traders still face price impact risk.
Fees differ by mode and chain. A trader can make the mistake of assuming “no fees” from a marketing headline and then discover a swap fee or settlement fee at confirmation.
The minimum received amount is constrained by slippage tolerance. Loose slippage increases the risk of poor fills in volatile pools.
Matcha fits:
It is less ideal for:
A fast evaluation uses two test sets:
Track:
The goal is to see whether the routing and MEV posture reduce net costs in the trader’s real environment.
Matcha is a 0x-powered DEX aggregator built around routing quality and MEV-aware execution. In 2026, that positioning is valuable because public mempool trading remains hostile, and liquidity remains fragmented across many venues. Matcha’s strongest use cases appear when routing can reduce slippage, RFQ fills can improve execution, and the product’s modes help minimize failed trades. The tool performs best when fees are modeled honestly across mode and chain, and when slippage settings are treated as part of the risk engine rather than a minor preference.
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