SimpleSwap, a self-custodial multi-source swap aggregator, has released its report for the first half of 2026. The report uses a benchmark-first methodology: each section opens with a public reference point from sources such as CoinGecko, DeFiLlama, and Visa’s Allium-powered dashboard, followed by data from SimpleSwap’s platform. Where the numbers differ, the report treats that divergence as a reflection of its audience rather than a market-wide trend.

The first half of the year was, by all public metrics, a recession.

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