ON SOLVER ECONOMICS: HOW VALUE FLOWS IN DEFI

Summary from the TLDR Crypto newsletter

ERC-7683 standardizes intent-based transactions, leading to a commoditization of solver services and a redistribution of value to the ecosystem. As solver fees have declined from 15 to 4 basis points over the past year, value is increasingly flowing to order originators like UniswapX and settlement networks like Across, which provide critical infrastructure including flexible repayment systems and intent backstopping. The standard is expected to capture 20-30% of L2 DEX volume and 25-40% of the bridging market.