Research: Non-aggregator routes on Solana transactions exhibit wider round-trip spreads in most sampled pools.
A preprint study published in September 2026 revealed that across six major proprietary liquidity venues on Solana, five showed significantly wider round-trip spreads for trades routed directly (non-aggregator) compared to those routed through aggregators. The study found that non-aggregator spreads were wider in 68% to 83% of matching units, indicating that trading terms can vary based on routing method even when accessing the same liquidity pools.
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