WET's recent rally is indeed quite significant, but I have a question I want to discuss with everyone.



Imagine a scenario: On the Solana chain, there originally was 1 billion in daily trading volume on Raydium. Now, after the dark pool appears, this portion of transactions flows into the dark pool. On the surface, dark pools can indeed alleviate slippage issues, but upon closer thought, isn't this just a simple transfer of liquidity?

Essentially, the transactions are still the same—they've just moved from a public DEX to an opaque pool. The slippage problem is resolved, but what about the cost of liquidity fragmentation? The depth that was originally concentrated on Raydium has been diluted. Is this really an optimization for the entire ecosystem? Or is it just doing the same thing in a different place?
WET0.52%
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DiamondHandsvip
· 12-14 04:44
Basically, it's just shifting from one pocket to another; with no slippage and no liquidity, everything is gone.
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AirdropChaservip
· 12-11 05:56
The term "liquidity migration" is a bit off; dark pools are essentially refuges for big players. Who really cares about the survival of the ecosystem? Ultimately, it's just about grazing for profits. Optimization? Not really. Raydium's depth has been diluted? I've seen through it a long time ago. That's what you call "making profits off others' losses." Is this news? But on the other hand, why didn't WET keep up when it skyrocketed... Dispersing trades into dark pools looks shiny on the surface, but it's just another way to cut the leeks. Who believes this? I just want to know how much those institutions have earned in dark pools. Pure liquidity migration, with the noble excuse of reducing slippage. Fine, let's keep watching.
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WalletWhisperervip
· 12-11 05:54
liquidity doesn't disappear, it just gets profiled differently... the real tell is *where* the smart money clusters when slippage mechanics shift. raydium's depth dilution is textbook pattern recognition—watch the whale wallets, they'll show you what actually matters here.
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DecentralizeMevip
· 12-11 05:45
The term "liquidity migration" is interesting, but it seems to overcomplicate things. Dark pools are just dark pools; essentially, it's just money moving to higher-yield places.
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