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The Defiant 2024-12-11 00:15:27

Raydium Protocol Surpasses Uniswap with $124.6 Billion in November DEX Volume, 30% Increase Over $90.5 Billion

In November 2024, Raydium Protocol emerged as the leading decentralized exchange (DEX) by trading volume across all chains, processing $124.6 billion in monthly volume. This figure represents a 30% increase over Uniswap's $90.5 billion in the same period. This marks the second consecutive month that Raydium has outperformed Uniswap, driven largely by the growth of memecoins within the Solana ecosystem. The continued dominance of Raydium highlights its significant role in the DEX market, particularly amid the rising popularity of memecoins. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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