💰 “Solana DEX volumes are fake?” 🤔 Let’s break it down.
Solana’s DEX numbers look massive — until you check who’s actually trading.
📊 Research shows 40–50% of Jupiter volume comes from pure bot arbitrage.
Across all Solana DEXs, that figure jumps to 50–70% — and that’s a conservative estimate.
Even the researcher admits the methodology only captures 40–60% of real arbitrage activity.
Meaning the true bot share is likely even higher.
📉 Volume ≠ Users.
High numbers don’t automatically mean real adoption.
So when someone flexes Solana’s DEX dominance…
👉 Divide the volume by two before drawing conclusions.
Numbers matter.
Context matters more
SOL
79.51
-13.55%
JUP
--
--
ZEC
210
-16.31%