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    SOL Swaps on Jupiter

    In response to Since January 1st, how much SOL has been swapped for other tokens using Jupiter per day? Over the same time period, how much SOL has added from swaps using Jupiter per day? Create a visualization showing the flow of SOL from swaps on Jupiter since January 1st per day and provide insights around any spikes you see.

    Introduction

    Jupiter is the key liquidity aggregator for Solana, offering the broadest range of tokens and best route discovery between any token pair. They aim to provide the most friendly UX for users and the most powerful tools for developers to allow them to access the best-in-class swap in their application, interface, or on-chain programs easily.

    How much has SOL been added from swaps using Jupiter per day?

    The bar chart below also shows the swap rate of other tokens to SOL. The chart oscillations are pretty similar to the SOL swap chart to other tokens, except that the swap volume has been somewhat reduced so that the average daily swap has risen from 85K to 53K. One of the most important reasons for this difference is the various paths that Jupiter identifies. The SOL currency is used as an intermediary, making the SOL swap volume higher for other tokens than other token swaps for SOL. Such a result can be seen in the last normalized chart, which shows that the SOL swap was higher than other tokens on most days.

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    How much has SOL been swapped for other tokens using Jupiter per day?

    The bar chart below shows the SOL swapped to other tokens from January 1. An average of SOL 85K was swapped to other tokens daily. But in the meantime, we saw three times the sharp growth of swaps, which are as follows: January 7: Strong $ 145 support is broken, and SOL is likely to be swapped to the Stable coins, including the USDC. January 24: Reaches the $ 82 price floor and appears to have swapped large volumes of SOL to other Solana blockchain tokens. February 2: In the short-term uptrend, the market hit a negative candle and liquidated traders who used leverage.

    Conclusion

    Jupiter is the most extensive liquidity aggregator on the Solana network and has various paths for swapping tokens. The dashboard talked about the spikes between January 1 and February 20 and showed that the amount of SOL swap to other tokens is much higher than the swap of other tokens to SOL. The most critical factor in this difference is the different paths of Jupiter, in most of which SOL is considered as an intermediary currency and therefore is traded in an additional cycle.