As we discuss here, Jupiter is the best Swap aggregator on Solana, which optimizes rates across all decentralized exchanges so users can get the best token swap rates.And also from this dashboard, we can see what have been the 10 most popular tokens to swap away since February 1st? What have been the 10 most popular tokens to swap for during the same period? What have been the 10 most popular swapping pairs (combined token swap away to swap for)?

What is Jupiter?

In addition to Jupiter being the first on-chain swap aggregator, Jupiter is a key liquidity aggregator for Solana, offering the most tokens and the best routes between any token pair. In addition to providing the best rates, Jupiter’s main objective is to deliver the best swapping experience for all users and developers across the entire DeFi ecosystem. Because of the high transaction speed of Solana, swap aggregation actually works extremely well.

Jupiter is the first swap aggregator building on top of Solana, as seen in the below tweet.

The current analysis focuses on how much SOL has been swapped for Top 10 popular tokens using Jupiter since Feb 1st, as well as how much SOL has been added by swaps for Top 10 popular tokens using Jupiter.

The following graphs show the 10 most popular Swap away and swap to SOL tokens on a daily basis.Here we can see that the top 3 Swap To tokens (USD Coin, Wrapped SOL and Raydium) contributed for almost 78% of total Swaps. However, if we look at top 10 Swap to tokens on daily basis, we are seeing a decreasing trend. Similarly we can see Here we can see that the top 2 Swap Away tokens (USD Coin and Wrapped SOL ) contributed for almost 67.14% of total Swaps. However, if we look at top 10 Swap away tokens on daily basis, we are seeing a decreasing trend.

According to the graph below, we can see that there is a maximum number of Jupiter swaps on Feb24,2022 if we look at them on a daily basis.In terms of overall Feb 1 to Feb 27 2022 data, we can see that ‘USD Cion->Wrapped SOL’ is at the top, followed by ‘Raydium->USD Coin’ at the 2nd position.

As a result, from the taken data, it is clear that the most common swaps happening on Jupiter are USDCoin->Wrapped SOL and next Raydium->USD Coin.

The post Jupiter’s Most Popular Swaps first appeared on Tech Dreams.