{"id":144458,"date":"2024-12-11T13:30:46","date_gmt":"2024-12-11T11:30:46","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144458"},"modified":"2024-12-11T03:17:29","modified_gmt":"2024-12-11T01:17:29","slug":"raydium-surpasses-uniswap-in-monthly-trading-volumes-for-second-consecutive-month","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/raydium-surpasses-uniswap-in-monthly-trading-volumes-for-second-consecutive-month\/","title":{"rendered":"Raydium Surpasses Uniswap in Monthly Trading Volumes for Second Consecutive Month"},"content":{"rendered":"

In November, Raydium<\/a> <\/strong>surpassed Uniswap<\/a> <\/strong>by approximately 30%, reaching<\/a> <\/strong>around $30 billion in volume, following a smaller victory in October with a 10% lead.<\/p>\n

This performance is primarily attributed to Raydium’s strong foothold within the Solana<\/a> <\/strong>ecosystem, where it captures over 60% of the daily DEX volume. The DEX has gained significant traction, especially due to the popularity of memecoins, which accounted for a record 65% of its monthly volume in November.<\/p>\n

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Memecoin trading, fueled by venture capital and growing interest, has contributed to the rising market cap of these assets, now valued at around $130 billion. Solana, emerging as a key player in memecoin trading, hosts platforms like Pump.fun, which mint and launch memecoins, many of which are traded on Raydium.<\/p>\n