Raydium surpasses Uniswap and dominates the monthly DEX trading volume! 🚀
In the world of cryptocurrencies, Raydium has made history by becoming the DEX (decentralized exchange) with the highest monthly volume in October and November 2024, leaving Uniswap behind. According to the latest report from Messari, Raydium generated an astonishing volume of $124.6 billion, surpassing Uniswap's $90.5 billion.
Why this boom?
1️⃣ The rise of Solana 🌐: Raydium has benefited from the explosive growth of the Solana ecosystem, which is attracting more and more users compared to Ethereum.
2️⃣ Meme coin trading 🐸: Meme coins now represent 65% of the daily volume on Raydium, much more than the 2% from last year!
3️⃣ Smart strategy: Collaboration with projects like Pump.fun has brought in more liquidity, attracting traders like never before.
💡 Fun fact: In November, Solana captured 50% of the monthly DEX trading volume, leaving Ethereum with just 18%. A revolution in the crypto world!
If you're looking to stay updated in the crypto universe, Raydium and Solana are names you can't overlook. 👀
DYOR (Do your own research) and tell us: What do you think of this trend? 👇