📊 Raydium Takes the Lead in DEX Volume: What's Driving Its Success?
Raydium led the way in trading volume among decentralized exchanges (DEX) in November, reaching $124.6 billion, outperforming Uniswap by 30%. This achievement is attributed to Raydium's dominance in the Solana ecosystem, where it accounts for over 60% of daily trading volume, driven primarily by Memecoin trading (65% of its volume).
The launch of Raydium V3 in March 2024 strengthened its infrastructure and attracted more users, consolidating its leadership in Solana and globally.
Is this a sign that Solana is positioning itself as a leader in the DEX market? 🌐
