Swap Volume on Jupiter Protocol

    This project is part of Solana educational bounties, in which we are interested in analyzing the daily volume of SOL-USDC swap on Jupiter protocol between a range of date.

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    In the chart below, we can see the flow of SOL swapped for USDC between Feb 1 - Feb 28, 2022. We calculate the swap flow by deducting the daily volume of SOL being swapped out of Jupiter from the daily volume of SOL being swapped into Jupiter. A negative flow determines there's a buying pressure stronger than the selling pressure, a positive flow indicates the inverse.

    The chart displays that the volume balance is negative, pointing out there are more SOL tokens getting out of Jupiter than getting into it, hence, indicating a buying pressure over that period. We will compare now the flow of the SOL-USDC swap on Jupiter with the flow on Orca protocol in the next chart.

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    We can safely conclude the SOL flow on Orca follows the same pattern on Jupiter. However, the SOL volume on Orca was higher over all days shown in the chart.