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Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers

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Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers

Open Jupiter, tell it you want to swap SOL for USDC, check the price, and press the button. From the user's point of view, there is not much more to it. So it's only natural to assume that Jupiter is where the trade happens. In reality, Jupiter is closer to a search engine for liquidity. […] The post Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers appeared first on CryptoSlate.

Key Takeaways

  1. Open Jupiter, tell it you want to swap SOL for USDC, check the price, and press the button.
  2. From the user's point of view, there is not much more to it.
  3. So it's only natural to assume that Jupiter is where the trade happens.
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Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.