Solana Ecosystem DEX Meteora's January trading volume reached $33 billion, a 33-fold increase from the previous month

Odaily News Solana ecosystem liquidity platform Meteora achieved unprecedented growth in January. Its trading volume was $33 billion, a 33-fold increase from $990 million in December last year. The DEX currently accounts for about 9% of the total market share, ranking among the top five DEXs in the world.
The current volume significantly exceeds Meteora’s previous record of $4.5 billion, marking a new phase of unprecedented growth for the protocol.
The surge in trading volume reflects the broader momentum of the Solana DeFi ecosystem. Currently, three of the top five DEXs run on Solana, highlighting the growth of the network over the past few weeks. Trump-related tokens have maintained significant activity, contributing nearly $300 million in 24-hour trading volume.
However, its momentum has now cooled, and the SOL/USDC trading pair has regained the platform's lead with a 24-hour trading volume of $182 million. Solana remains the preferred chain for issuing new coins, with 96% of new coins issued on Solana. (The Block)