💰Solana's volumes are fake🤔
Solana's DEX volumes look impressive until you check who's actually trading.
40-50% of Jupiter volume is pure bot arbitrage. Across all Solana DEXs - at least half, sometimes 70%. And that's conservative. The researcher admits his method catches only 40-60% of real arb activity. True number is likely higher.
Volume ≠ users. When someone flexes Solana's DEX dominance - divide by two.
SOL
95.71
-0.62%
JUP
0.2414
+0.08%