Home > Quick > Body

Messari: Solana Ecosystem DEX Raydium monthly trading volume exceeds Uniswap for the second consecutive month

clock
2024-12-10 18:43:13
According to a report published by Messari, the monthly trading volume of decentralized exchange (DEX) Raydium surpassed Uniswap for the second consecutive month. In November, the monthly trading volume of Solana's native platform Raydium was about 30% higher than that of Uniswap, or about $30 billion.
Messari reports that Raydium's "success is largely due to its dominance in the Solana ecosystem," adding that DEXs continue to account for more than 60% of daily DEX trading volume on the Layer 1 blockchain network, and memecoin transactions have become an important driver of Raydium's trading volume. Memecoin accounted for 65% of Raydium's monthly trading volume in November, a record high.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.