Raydium became the leader among decentralized exchanges (DEX) in trading volume, surpassing Uniswap by 30%. In November 2024, Raydium captured over 60% of the daily DEX volume on Solana. The increase in volumes is related to active trading of meme coins and collaboration with Pump.fun. The Solana ecosystem has also strengthened its position, exceeding Ethereum in weekly DEX volumes.