What is the actual proportion of arbitrage trading in Solana DEX? This set of data is quite shocking.

【Crypto World】In the Solana ecosystem, how huge is the scale of arbitrage trading? Recently, an analyst uncovered some interesting data.

Based on on-chain data analysis, arbitrage activities on Solana can be divided into two types—atomic arbitrage and portfolio arbitrage. Atomic arbitrage is more straightforward: buying low on one DEX and selling high on another DEX to capture the price difference in a single transaction. Portfolio arbitrage involves more complex maneuvers, executing multiple trades within the same block to achieve arbitrage.

Interestingly, many so-called arbitrage bots are not running some mysterious custom programs; instead, they heavily rely on aggregators like Jupiter and DFlow. What kind of power do these platforms hold? Aggregators handle about 60% of Solana’s entire DEX trading volume, with Jupiter alone accounting for approximately 90% of that share.

Looking at the numbers, it gets even more shocking—at least 40% of the trading volume on Jupiter is purely atomic arbitrage. In other words, roughly 22% of the total DEX trading volume on Solana is from atomic arbitrage executed through Jupiter. When including portfolio arbitrage data, Jupiter’s arbitrage trading share jumps from 40% to 50%, making the total DEX arbitrage trading around 27%.

Adding in arbitrage data from DFlow and other aggregators, it’s estimated that these tracked arbitrage trades alone account for about 30% of all DEX trading volume on Solana. Conservatively speaking, at least 50% of Solana DEX trading volume is arbitrage trading, and on days with high market volatility, this ratio can even reach 60% to 70%.

This doesn’t even include other types of arbitrage strategies. So you see, behind Solana’s thriving trading volume, the role of arbitrage bots is truly significant.