Solana DEX Volume Hits $100 Billion

Krutika Adani

Solana’s November Milestone

In just 25 days of November 2024, Solana's DEX ecosystem shattered records, crossing the $100 billion trading volume mark.

Raydium Leads the Pack

Raydium contributed $77.3 billion in trading volume, commanding a 22% market share—rivaling Ethereum's Uniswap.

109% Monthly Growth

Solana DEX volumes surged by 109% compared to last month, reflecting increased user activity and adoption.

DEX vs. CEX

Despite impressive growth, DEX volumes remain significantly lower than centralized exchanges, which dominate with multi-chain operations and diverse services.

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