Krutika Adani
In just 25 days of November 2024, Solana's DEX ecosystem shattered records, crossing the $100 billion trading volume mark.
Raydium contributed $77.3 billion in trading volume, commanding a 22% market share—rivaling Ethereum's Uniswap.
Solana DEX volumes surged by 109% compared to last month, reflecting increased user activity and adoption.
Despite impressive growth, DEX volumes remain significantly lower than centralized exchanges, which dominate with multi-chain operations and diverse services.