Coin Media Report:
Raydium, the leading decentralized exchange (DEX) on Solana, has surpassed Uniswap in weekly fees, processing more than 10 times the trading volume of Ethereum’s largest decentralized exchange.
Last week, Raydium’s fees exceeded Uniswap’s by 15%, collecting $12.86 million. According to data from Dapp Radar, during the same period, Raydium processed over 57 million transactions, while Uniswap v2 and v3 had a combined total of 4.47 million transactions.
Despite the significant difference in transaction volume, Uniswap still has a higher total trading volume than Raydium. Uniswap’s weekly trading volume is close to $12 billion, while Raydium’s volume is less than 50% of that, at $5.39 billion according to DeFiLlama.
The noticeable difference in the ratio of trading volume to transaction volume between Uniswap and Raydium indicates a large number of low-value spam transactions occurring on the Solana-based DEX.
Raydium’s transaction volume saw a sharp increase in early June along with a Pump. Fun’s total trading volume. Pump filled the liquidity of all tokens. The interesting bonding curve was burned by Raydium, making Raydium the preferred DEX for Pump. Interesting tokens.
