Raydium Overtakes Uniswap

- Raydium made history in October by becoming the number one DEX in terms of trading volume across all chains. According to Messari, Raydium surpassed Uniswap by 30% in monthly DEX volume, reaching $124.6 billion compared to Uniswap's $90.5 billion.

- Since March 2024, Raydium has consistently surpassed Orca in daily trading volume on Solana. By November 2024, Raydium accounted for more than 60% of Solana's daily DEX volume.

- The post-US election meme coin trading boom has boosted Raydium's volume, accounting for 65% of total daily trading, up from 2% in November 2023.

- Raydium's growth is tied to the rapid expansion of the Solana ecosystem, challenging Ethereum's position in the DEX space. 🚀