Solana Free Square
Q86. This week we want to try something new. We want you to essentially write your own bounty question and answer it yourself. Pick any topic around Solana that you find relevant and interesting and analyze it.
As you can see in the first chart, the number of transactions in each of these exchanges is shown. The highest number of transactions is related to the decentralized exchange of orca, followed by Jupiter.
As we can see, after April 6, the number of transactions between the two exchanges, Orca and Jupiter, has increased dramatically and has increased nearly fivefold, while almost nothing has happened for the decentralized exchange of radium.
Jupiter Exchange is officially the first liquidity aggregator created on the Solana network. Jupiter's primary mission is to offer its users a large selection of tokens and the best way to find a route between any pair of tokens.
Orca (ORCA) is a Solana token that governs the Orca decentralized exchange. Orca aims to enable low-fee, near-instant token swaps using an automated market maker (AMM) model. On the exchange, users supply tokens to “liquidity pools” and algorithms set market prices based on supply and demand.
Saber is a decentralized exchange (DeX) focused on stablecoin swapping and staking. Built on the Solana platform, Saber currently offers swapping opportunities for about 30 cryptocurrencies. Users can also stake funds in liquidity pools.
Raydium is an Automated Market Maker (AMM) and liquidity provider built on the Solana blockchain for the Serum Decentralized Exchange (DEX). Raydium has first-mover advantage as an AMM within Serum and it will be an integral part of bringing new and existing projects and protocols into the ecosystem.
In this article, we want to review 4 decentralized exchange offices where transactions can be done on Solana and examine them from different metrics.
The next chart is the volume of transactions performed on these four decentralized exchanges, and to see in which exchange the most volume has been done, the chart above is the volume done for the sol token.
As we can see in the chart above, the volume of transactions after April 16 has been relatively large, especially in the decentralized exchange Jupiter, which had the largest volume on a daily basis.
Another interesting point to note is the number of transactions performed on these four platforms based on their success or failure.
As you can see, most of the transactions made in the Jupiter exchange have been done, the number of failed transactions has been much more than the number of successful transactions, while in the raydium platform this amount is the opposite.