DEX Aggregators

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Includes volume from all hops

Solana: DEX Aggregator Volume

Percentage of DEX aggregator volume from cyclic arbitrage transactions and the percentage of DEX aggregator volume routed to prop AMMs.

* **Cyclic Arbitrage**: Transactions that that have input mint = output mint. 
* **Prop AMMs**: Total volume from AMMs that are private

Based on the % of total DEX aggregator volume

Solana: Prop AMMs and Cyclic Arbitrage

Volume from cyclic arbitrage transactions divided by total DEX aggregator volume

Solana: Percentage of Volume from Cyclic Arbitrage

Volume to prop AMMs divided by total DEX aggregator volume

Solana: Percentage of Volume to Prop AMMs

**Pair Categories**
We define a set of trading pair categories below. The classification of pair categories is determined in a top-to-bottom manner.

- SOL-Stablecoin: the trade involves SOL and a stablecoin.
- Bitcoin: the trade involves a Bitcoin-pegged asset. Some notable trading pairs are BTC-ETH, BTC-USD, and BTC-BTC (for example, cbBTC-WBTC).
- Stablecoin Swaps: the trade has both the bought token and sold token as stablecoins.
- LST Swaps: the trade involves a Liquid Staking token.
- Tokenized Assets: the trade involves a tokenized asset. Examples include Gold, Equities, and Treasuries.
- Indexed Assets: the trade involves an indexed asset. Examples include leveraged crypto tokens, portfolio of crypto tokens, and LP tokens.
- Project Tokens: the trade involves tokens that are issued by projects. An example would be governance tokens and L1 tokens (not including BTC or ETH).
- AI Agents: the trade involves an AI agent token.
- Memes: The remaining volume from known memecoins as well as unclassified tokens.

Solana: DEX Aggregator Volume by Pair Category

Solana: DEX Aggregator Volume by AMM Type

Cyclic arbitrage is a form of atomic arbitrage that involves multiple swap events that form a cycle, where the input token is the same as the output token.

For example, cyclic arbitrage could involve hops such as 
* SOL -> USDC, 
* USDC -> JLP
* JLP -> SOL

where the searcher makes a profit based on the price differences between the three pools, the profit would be denominated in SOL here.

Solana: DEX Aggregator Volume by Trade Type

The following chart shows the amount of volume DEX aggregators processed on Solana. 

These include all hops taken in the route. The volume is grouped by which DEXs these aggregators most commonly route to.

Total amount of volume processed by DEX aggregators and the most popular DEXs they route to

Solana: DEX Aggregator Volume by DEX

Trailing 30 days

Solana: DEX Aggregator Order Flow

Based on the last 24 hours

Solana: DEX Aggregator Leaderboard

We track more AMMs from the DEX aggregators side compared to our DEX activity page, as a result, the % of Total DEX Volume might be slighly upward biased. It is possible for this to exceed 100% but will be fixed in the future.

Solana: DEX Volume from Aggregators

Solana: DEX Aggregator Distribution

Based on DEX Aggregator, DEX and Pair Category

Solana: Top DEX Aggregator Combinations

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Bitmine

SharpLink

Forward Industries

Aptos

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Bitcoin

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Plasma

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SKALE

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Fogo Testnet

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Lifinity

MakerDAO

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MetaDAO

Meteora

Morpho

Orca

Raydium

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Pump.fun

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GEODNET

OP Superchain

ZKsync Elastic Network

Bitcoin ETF

Ethereum ETF

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Solana: DEX Aggregators

Solana: DEX Aggregator Volume

Solana: DEX Aggregator Leaderboard

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