At first glance, Stabull’s role in DeFi seems narrowly defined. The protocol lists stablecoins and real-world-asset–backed tokens. It does not offer direct swaps into volatile cryptocurrencies like ETH. There are no memecoins, no long-tail assets, and no attempt to compete for speculative trading volume. By Jamie McCormick, Co-CMO, Stabull Labs The tenth article in the…
If solvers explain how sophisticated trades are executed, aggregators explain how that execution reaches users at scale. By Jamie McCormick, Co-CMO, Stabull Labs The ninth article in the 15 part “Deconstructing DeFi” Series. Aggregators are one of the quiet reasons why DeFi liquidity can suddenly become busy without any corresponding increase in a protocol’s visible…
After reviewing non-UI activity across Stabull pools on Base, Ethereum, and Polygon, one question comes up repeatedly: Who is actually sending these transactions? By Jamie McCormick, Co-CMO, Stabull Labs The thirteenth article in the 15 part “Deconstructing DeFi” Series. ⸻ The answer is not a single group, but a set of distinct participants — each…
If arbitrage bots are the most visible form of programmatic trading, solvers and searchers are the least visible — and often the most important. By Jamie McCormick, Co-CMO, Stabull Labs The eighth article in the 15 part “Deconstructing DeFi” Series. ⸻ They do not chase small price discrepancies in isolation. Instead, they focus on constructing…
By early January, one thing had become increasingly clear to the Stabull team: the growth we were seeing in trading volume could not be explained by user interface activity alone. There was more happening beneath the surface. By Jamie McCormick, Co-CMO, Stabull Labs The fifth article in the 15-part “Deconstructing DeFi” Series. ⸻ By early…
When Stabull launched, the most visible way to interact with the protocol was simple: users visited the interface, selected a pool, and executed a swap. Liquidity providers supplied assets, traders swapped against them, and fees were generated in a way that looked familiar to anyone who had used a decentralised exchange before. That model still…
At the start of this series, we set out to answer a simple question: What is actually driving trading activity on Stabull outside the UI? What we uncovered was not a single partnership, feature, or campaign — but a pattern. Across Base, Ethereum, and Polygon, Stabull liquidity is increasingly being used as part of the…
In the previous article, we broke down who is interacting with Stabull outside the UI — bots, solvers, and aggregators. In this article, we’ll focus on how many of those interactions actually work under the hood. By Jamie McCormick, Co-CMO, Stabull Labs The fourteenth article in the 15 part “Deconstructing DeFi” Series. ⸻ Specifically, we’ll…