Solana study shows wider spreads for non-aggregator flow at five pools

Community Trust Score Verified 81 % Real Verified 27 votes Updated 6 minutes ago A study posted on Sept. 29 found that realized round-trip spreads for SOL/ USDC trades were wider for non-aggregator flow at five of six major proprietary liquidity venues on Solana. The research, authored by Ozan Solmaz, Lioba Heimbach, and Jason Milionis, indicates that access to the same liquidity pool did not necessarily result in comparable trading terms depending on how the order was routed. The preprint examined proprietary automated market makers, or propAMMs, on the Solana, Base, and Monad blockchains.