@PropellerSwap

PropellerHeads

PropellerHeads builds open-source DEX trading infrastructure on Ethereum, including Turbine (batch settlement for large trades), Fynd (local DEX routing aggregator), and Tycho (indexing engine). The team has secured grants from Uniswap Foundation and Ethereum Foundation, with products live on mainnet serving solvers and protocols. However, with a 4-year-old account and established position in the solver/aggregator space (working with CoWSwap, UniswapX, multiple integrations), this is more of an established infra project than an early-stage gem.

𝕏 @PropellerSwap ↗ t.coDeFineutral

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AI Analysisneutral

Confidence

72%

PropellerHeads builds open-source DEX trading infrastructure on Ethereum, including Turbine (batch settlement for large trades), Fynd (local DEX routing aggregator), and Tycho (indexing engine).

The team has secured grants from Uniswap Foundation and Ethereum Foundation, with products live on mainnet serving solvers and protocols.

However, with a 4-year-old account and established position in the solver/aggregator space (working with CoWSwap, UniswapX, multiple integrations), this is more of an established infra project than an early-stage gem.

Green flags: Open-source philosophy with real working products (Turbine, Fynd, Tycho all live) · Legitimate grants from Uniswap Foundation and Ethereum Foundation ESP · Transparent named team of 15+ engineers across Europe · Real technical differentiation (batch settlement, dynamic contract indexing, sub-microsecond pool quotes)

Red flags: Already established — 4-year-old account (March 2022), not truly early-stage · Well-known in the solver/MEV infrastructure space (integrated with CoWSwap, UniswapX, Wraxyn) · Multiple mature products already deployed and used by other protocols · Established position in DEX aggregator market, not a hidden gem

Token

No · pre-launch

Chain

Ethereum

Stage

mainnet+live