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Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
Why 90% of your DeFi trades are quietly being routed back to Wall Street market makersWorldPing
Image via CryptoSlate.

What happened

Open Jupiter, tell it you want to swap SOL for USDC, check the price, and press the button.

From the user's point of view, there is not much more to it.

So it's only natural to assume that Jupiter is where the trade happens.

Key facts

  • Reported by CryptoSlate and published Sun, 13 Sep 2026 13:45:40 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. CryptoQuant says bitcoin must clear resistance at $81,700 to confirm new bull market

  2. Ripple Board Member Who Ran Amazon Finance Is Polymarket’s New CFO

  3. Feds Have Now Frozen $938M in Scam Crypto After Telegram Market Bust

  4. Fed rate hike is about Wall Street, not inflation, says economist

  5. Circle's $400M Tazapay deal buys emerging market links that take ‘years to build’

  6. Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

Follow the story

Living hubs that keep updating as this story develops.

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