Raydium surpasses Uniswap to become the DEX with the largest trading volume last month

Odaily News Data from The Block shows that Raydium processed 27% of DEX trading volume in January, surpassing Uniswap to become the DEX platform with the largest trading volume.

Meanwhile, Raydium's market share increased from 18.8% in December to 27.1% in January, while Uniswa's market share dropped from 34.5% in December to 22% in January.

In addition, since October 2024, Solana's DEX trading volume has surpassed Ethereum, mainly driven by the surge in Raydium trading volume. In January of this year, the DEX trading volume on Solana surged, which may be related to Trump's launch of TRUMP. The transaction volume processed in just one week was five times that of Ethereum.