2025-12-29 10:38:55

According to Artemis's latest statistics, DEX spot trading within the Solana ecosystem has experienced explosive growth this year — trading volume has surged to over $1.7 trillion, a figure that is quite eye-catching.

Even more astonishing is that Solana DEX's trading volume ranking has now risen to second place, only behind Binance, surpassing some leading exchanges. It seems that trading activity in the Solana ecosystem is indeed rapidly increasing.

However, there is a detail worth a deeper look — a research institution pointed out that approximately 22% of the total trading volume on Solana DEX comes from Jupiter's arbitrage activities. It may not sound like a very high proportion, but if you include more bundled arbitrage signals, the situation becomes more complex.

Further analysis suggests that when all types of arbitrage strategies are included, nearly 50% of the trading volume on Solana DEX may have arbitrage components. This ratio is definitely something investors and traders should be cautious about — how much of the trading is driven by genuine market demand, and how much is just arbitrage bots cycling themselves? This is a question worth pondering.

SOL-0,89%

JUP-5,05%

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MoneyBurner

· 7h ago

1.7 trillion? Oh my goodness, half of it is arbitrage bots having fun, the real transactions might only be 85 billion... There's some exaggeration in these numbers, everyone. --- So, the trading volume on Binance might not be entirely clean either, it's all part of this routine. On-chain data needs to be verified by yourself. --- I've seen Jupiter arbitrage before. Before building a position, check the on-chain data—don't be fooled by superficial prosperity. --- 50% arbitrage component? Does that mean the actual liquidity is only half? I really want to participate in the new listings here. --- The splashes are big, but is there really that much genuine trading volume? Just a question. --- That's why I never fully trust data from a single platform. Cross-verification is the way to go, brother. --- Bots self-looping, sounds like they’re harvesting everyone’s fees... No, I mean harvesting everyone’s transaction fees. --- No wonder the SOL ecosystem has been so hot lately; it turns out arbitrage bots are dancing.

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Tokenomics911

· 7h ago

The data for SOL is a bit inflated, 50% arbitrage? The actual trading volume is more than half of that.

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