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About DFlow
DFlow is a decentralized order flow market on Solana, aggregating liquidity from AMMs, order books, and other venues to provide optimal pricing and low-latency execution. Its core edge lies in a "conditional liquidity" mechanism that identifies and isolates toxic order flow by distinguishing humans from bots and regular users from informed institutions, protecting market makers while enabling wallets to monetize order flow (PFOF) — a "Robinhood on-chain" model. This addresses pain points such as fragmented DEX liquidity, MEV attacks, and impermanent loss for LPs.
Over the past six months, DFlow was acquired by MoonPay to expand into Solana trading infrastructure. It also launched a universal MCP (Model Context Protocol) enabling AI agents to directly access its trading capabilities, bridging AI and DeFi. Its market share surged from 0.6% in April to over 8.5% recently, with peak daily volume briefly surpassing Jupiter. Since 2025, it has processed over $50 billion in volume, with Q1 2026 exceeding $12 billion. During peak times, its routed trades accounted for the majority of Solana block activity.
DFlow, a Solana-native order flow marketplace, began with a $2M seed round led by Multicoin and Framework Ventures in 2022, followed by a $5.5M raise in 2023, establishing its foundational capital and strategic backing.
In December 2025, Kalshi, a regulated prediction market platform, adopted DFlow to tokenize its markets on Solana, marking the first real-world validation of DFlow's infrastructure beyond DEX aggregation and enabling composable prediction markets.
In May 2026, Coinbase integrated DFlow as its primary routing layer for Solana trading, reducing transaction failure rates from 1/30 to 1/250 (an eightfold improvement) and expanding liquidity coverage for long-tail tokens. This mainstream exchange adoption signaled DFlow's transition from a niche protocol to critical market infrastructure.
Shortly after, MoonPay acquired DFlow, integrating its execution layer into MoonPay's broader payment and agent infrastructure. This acquisition provided DFlow with global distribution and fiat on/off ramps, positioning it for the emerging agent economy while preserving its independent routing technology.
Since March 2026, DFlow has solidified its position as Solana's leading execution layer. In May, MoonPay acquired DFlow, adding $50B+ in cumulative trading volume and 1M+ active traders across 500+ apps. DFlow became the first aggregator to surpass Jupiter in daily volume (Nov 2025) and now powers >85% of Solana blocks during peaks. Key innovations include just-in-time routing and the first full tokenization of Kalshi prediction markets. In the AI agent space, DFlow launched a native MCP server and partnered with Phantom to release a Claude Code Skill, enabling full-stack Solana app development and autonomous trading. Future roadmap focuses on scaling agent-driven financial infrastructure, extending tokenized real-world assets, and unifying payments via MoonPay's CLI and Open Wallet Standard.
Nitesh Nath (Founder & CEO)
Nitesh Nath is the founder and CEO of DFlow. He previously worked as a Quantitative Researcher at DRW (2017-2021), a Compilers Research Intern and Machine Learning Research Intern at the University of Illinois Urbana-Champaign, and a Software Engineering Intern at Apple. He holds a BS in Computer Science from UIUC and an MS in Computer Science from the University of Chicago.
Dan Jablonski (Director of Growth)
Dan Jablonski is the Director of Growth at DFlow, joining in June 2025. He previously served as Head of Growth at Syndica (2023-2025) and Investment Analyst at J.P. Morgan (2019-2022). He holds a BA in Business Management and Kinesiology from Ohio Wesleyan University.