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The Defiant 2025-02-04 10:09:52

Raydium Monthly Volume Surpassed Uniswap for the First Time in January

Raydium, Solana’s largest decentralized exchange (DEX) by total value locked (TVL), claimed the largest share of monthly DEX volume in January, overtaking Ethereum’s Uniswap. According to data from The Block , Raydium surpassed Uniswap for the first time on a monthly basis with 27.11% of all DEX volume in January. Uniswap accounted for 21.96%, while Pancakeswap processed 17.23%. The other big players were Solana-based Orca and Meteora, which took the remaining spots in the top five, accounting for 10.5% and 8.72%, respectively. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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