A recent analysis by Eekeyguy reveals that atomic arbitrage constitutes at least 40% of the trading volume on Jupiter, a leading aggregator on Solana's decentralized exchanges (DEX). The report highlights that aggregators like Jupiter and DFlow facilitate approximately 60% of all Solana DEX trading, with Jupiter commanding a 90% market share. Consequently, atomic arbitrage through Jupiter accounts for about 22% of Solana DEX's total trading volume.
When combined with other arbitrage strategies, Jupiter's share of arbitrage trading rises to 50%, contributing to an overall 27% of Solana DEX's trading volume. Including other aggregators, arbitrage trading is estimated to represent 30% of all Solana DEX activity. On average, arbitrage trading comprises at least 50% of Solana DEX's volume, potentially reaching 60% to 70% on certain days. The analysis notes that these figures do not account for all arbitrage strategies, focusing primarily on atomic and combination arbitrage.
Atomic Arbitrage Dominates 40% of Jupiter's Trading Volume on Solana
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