$SOL
🚨 Private DEXs Shake Up SOL Price Dynamics 🚨
According to a report from Pine Analytics, platforms like SolFi, Obric v2, and ZeroFi now account for 40% to 60% of all volume routed via Jupiter. These private DEXs don’t offer user interfaces or public order books. Instead, they operate via internal vaults and use Oracle pricing for precision.
Unlike traditional DEXs, they win trades by execution quality. Tight quotes, fast fills, and minimized exposure give them a natural edge. SolFi tends to quote newly launched meme coins while Obric v2 and ZeroFi focus on high-liquidity pairs like SOL/USDC and SOL/USDT.
The rise of private DEXs introduces a new layer of complexity to Solana trading. It also comes with downsides, which are no front-end access, opaque data, and anonymous backers.
The impact on SOL price has been mixed. Meme coin trading, mostly routed through private DEXs, helped fuel the rally. But the lack of transparency is raising concerns. It could attract regulators or cause liquidity to split across platforms.