Did you know that over 25% of Solana DEX volumes are coming from Private AMMs?
It's probably the most underappreciated development in crypto over the last 6 months.
Almost all of this activity is flowing through @JupiterExchange
Furthermore, the data reveals that Private AMMs are taking market share from Raydium, Orca, and Meteora (users get better pricing via private AMMs)
The narrative is that Solana is the "degen" chain.
But almost all of the volume flowing through Private AMMs is "non-degen."
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@heliuslabs put together a fantastic data-driven report on the topic (using some of our data)
Link below if you'd like to check out the report + our dashboard with the data👇
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