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Raydium Outpaces Uniswap: Dominates Solana’s DEX Market with $124.6 Billion

  • Raydium, the largest DEX on Solana, has surpassed Uniswap in trading volume for two consecutive months, reaching $124.6 billion in November 2024.
  • Memecoin trading accounts for 65% of Raydium's trading volume, reflecting the growing trend in the DEX market.
  • Solana's dominance in DEX trading has propelled Raydium's success, with Solana accounting for almost 50% of the total DEX volume on chains.
  • High throughput, low transaction fees, and greater liquidity make Solana an attractive destination for traders migrating from other blockchains.

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