Analysis: At least 40% of Jupiter's trading volume is pure atomic arbitrage activity.

Analyst Eekeyguy, writing on the X platform, analyzed that arbitrage trading on Solana is divided into atomic arbitrage and bundled arbitrage. Many arbitrage bots do not run custom programs but trade through aggregators such as Jupiter and DFlow. At least 40% of Jupiter's trading volume is purely atomic arbitrage activity. Aggregators handle approximately 60% of all Solana DEX trading volume, and Jupiter holds about 90% market share in this area. Therefore, approximately 22% of Solana DEX's total trading volume consists solely of atomic arbitrage trades conducted through Jupiter.