Over 40% of Jupiter’s Trading Volume Now Flows Through Private AMMs
Jupiter, the largest decentralized exchange (DEX) aggregator on the Solana blockchain with over $2.5 billion in total value locked (TVL), is routing nearly half of its trading volume through proprietary automated market makers (AMMs), according to Delphi Digital analyst 0x_Arcana.
In an X post on July 31, the analyst revealed that proprietary AMMs, such as SolFi, ZeroFi, and Obric, have rapidly gained market share in the past six months despite being closed-source, raising questions about increasing centralization in the Solana ecosystem.
“Over 40% of all trading volume on Jupiter today is routed through prop AMMs like SolFi, ZeroFi, and Obric,” 0x_Arcana wrote.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io