Raydium, the leading automated market maker (AMM) on Solana, has outperformed Uniswap as the top platform by monthly trading volume. According to a recent report by Messari, Raydium achieved $124.6 billion in DEX volume in November 2024, exceeding Uniswap's $90.5 billion by 30%. This milestone showcases Solana's rapid ecosystem growth and the increasing popularity of meme coin trading. Raydium dominated over 60% of daily DEX volume within the Solana ecosystem in November, leveraging Solana's high throughput and low transaction costs to attract users seeking efficient DeFi experiences. The rise of meme coin trading, accounting for 65% of Raydium's total monthly volume in November, has been a key driver of its success. Raydium's strategic upgrades, including the V3 interface launch and CPMM pools supporting the Token-2022 program, have enhanced its usability and performance, solidifying its position as a top DEX platform on Solana. Read more AI-generated news on: https://app.chaingpt.org/news