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