In January, the monthly trading volume on the decentralized SOLANA Targe Raydium exceeded the Uniswap Ethereum-Targes indicator, which is traditionally leading in the DEX ranking.
The Raydium turnover amounted to $ 124 billion or 27.11% of the total segment, Uniswap – $ 100 billion or 21.96%. In December 2024, the values were 18.8% and 34.5%, respectively.
The growth of activity on Raydium is mainly associated with the excitement around a series of memes, including Trump and Melania tokens. The share of Uniswap decreased against the background of the disappointment of part of the community by Ethereum Foundation.
According to Messari, the leading Solana-trip became the leader among all DEX back in October 2024, retaining the position of November. In December, the championship returned to Uniswap.
January 2025 also became a record for the total trading volume at decentralized sites with an indicator of $ 564.56 billion.
The leader among the blockchains was the SOLANA network with a turnover of $ 258.74 billion or 45.83% of the total. The second place was taken by the Ethereum ecosystem with $ 86.1 billion.
According to Defi Llama, during a recent large-scale correction, the daily trading volume on decentralized sites in the Ethereum ecosystem reached a 10-month maximum of $ 8.48 billion, of which 65.78% were on Uniswap. The total SOLANA network in the same day amounted to $ 9.56 billion.
In January, the Uniswap Labs team released the UNISWAP V4 protocol update.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency

I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.