Highlights Raydium's trading volume on Solana DEX surpassed Uniswap for the second consecutive month, reaching $124.6 billion in November, giving it a 30% advantage! 65% of Raydium's trading volume was Memecoin transactions, bringing Solana's dominance to nearly 50% of all DEX volume on the blockchain. Solana's dominance reached almost 50% of the total DEX volume on the blockchain.
Solana's DEX ecosystem has surpassed Ethereum, capturing 175% of monthly trading volume (18% compared to Solana's 50%)! Raydium's #Solana DEX has reached an important milestone, surpassing #Uniswap in monthly trading volume for the second month in a row. According to Messali data, trading volume reached $124.6 billion in November, 30% higher than Uniswap. This surge was mainly driven by the growing popularity of meme coins, which accounted for 65% of Raydium's total trading activity. Raydium's dominance is not limited to comparisons with Uniswap. Raydium's platform captured over 60% of total solanium trading volume on DEX.
This achievement highlights #Raydium as a key player in the Solana DEX ecosystem. Raydium benefits from #blockchain scalability and low transaction costs, making it the preferred choice for memecoin enthusiasts. Solana's broader DEX ecosystem is also experiencing significant growth, with nearly 50% of monthly transaction volume across all blockchain networks on all blockchain networks. This share is 175% higher than Ethereum's modest contribution of around 18%, indicating that the DEX landscape is changing. Solana's ability to process large volumes of transactions at minimal cost has been a game changer, attracting traders and liquidity providers. The surge in Mimcoin transactions highlights a growing trend where speculative assets are generating significant activity on decentralized platforms. Solana DEX Raydium's success reflects Solana's growing influence in the crypto industry and its potential to challenge Ethereum's dominance in decentralized finance (DeFi). reflects its potential to challenge.
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