CryptoWorld.net December 29 News, analyst Eekeyguy posted an analysis on the X platform stating that arbitrage trading on Solana is divided into atomic arbs and bundled arbs. Many arbitrage bots do not run custom programs but trade through aggregators like Jupiter and DFlow. Among them, at least 40% of Jupiter’s trading volume is purely atomic arbitrage activity. The aggregator handles about 60% of all DEX trading volume on Solana, with Jupiter occupying approximately 90% of the market share in this field. Therefore, about 22% of the total Solana DEX trading volume is just atomic arbitrage trades conducted through Jupiter.
Additionally, after including bundled arbitrage data, Jupiter’s arbitrage trading share increased from 40% to 50%, making the total arbitrage trading share of DEXs about 27%. Considering DFlow and other aggregators, it is estimated that arbitrage trades tracked solely through aggregators account for approximately 30% of all DEX trading volume on Solana.
A conservative estimate: at least 50% of the trading volume on Solana DEXs is arbitrage trading, and on some days, this proportion may approach 60% to 70%.
Note: The above analysis has not captured other types of arbitrage strategies. Atomic arbitrage refers to completing the trade within a single transaction—buying low on one DEX and selling high on another to profit from the price difference in one go. Bundled arbitrage achieves the same result through multiple transactions within the same block.
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Analysis: At least 40% of Jupiter's trading volume is purely atomic arbitrage activity.
CryptoWorld.net December 29 News, analyst Eekeyguy posted an analysis on the X platform stating that arbitrage trading on Solana is divided into atomic arbs and bundled arbs. Many arbitrage bots do not run custom programs but trade through aggregators like Jupiter and DFlow. Among them, at least 40% of Jupiter’s trading volume is purely atomic arbitrage activity. The aggregator handles about 60% of all DEX trading volume on Solana, with Jupiter occupying approximately 90% of the market share in this field. Therefore, about 22% of the total Solana DEX trading volume is just atomic arbitrage trades conducted through Jupiter.
Additionally, after including bundled arbitrage data, Jupiter’s arbitrage trading share increased from 40% to 50%, making the total arbitrage trading share of DEXs about 27%. Considering DFlow and other aggregators, it is estimated that arbitrage trades tracked solely through aggregators account for approximately 30% of all DEX trading volume on Solana.
A conservative estimate: at least 50% of the trading volume on Solana DEXs is arbitrage trading, and on some days, this proportion may approach 60% to 70%.
Note: The above analysis has not captured other types of arbitrage strategies. Atomic arbitrage refers to completing the trade within a single transaction—buying low on one DEX and selling high on another to profit from the price difference in one go. Bundled arbitrage achieves the same result through multiple transactions within the same block.