40% of Jupiter's Trading Volume is Pure Atomic Arbitrage Activity According to ChainNews, arbitrage trading on Solana is categorized by analyst Eekeyguy into atomic arbitrage and combined arbitrage. Bots trade through aggregators like Jupiter and DFlow. At least 40% of Jupiter's trading volume is atomic arbitrage activity. Aggregators handle approximately 60% of Solana DEX trading volume, with Jupiter holding a 90% market share. Therefore, 22% of Solana DEX trading volume is atomic arbitrage trading through Jupiter. Furthermore, with the introduction of combined arbitrage, Jupiter's arbitrage trading ratio increased from 40% to 50%, reaching 27% of the total DEX arbitrage trading ratio. Even with aggregators like DFlow, aggregators track approximately 30% of all Solana DEX trading volume. Conservatively estimated, at least 50% of Solana DEX trading volume is arbitrage trading, with some days reaching 60% to 70%. Note that other arbitrage strategy types were not captured in the analysis.