{"id":20843,"date":"2025-02-01T17:53:14","date_gmt":"2025-02-01T15:53:14","guid":{"rendered":"https:\/\/forklog.com\/en\/dex-trading-volume-surpasses-560-billion-solana-dominates-half\/"},"modified":"2025-02-01T17:53:14","modified_gmt":"2025-02-01T15:53:14","slug":"dex-trading-volume-surpasses-560-billion-solana-dominates-half","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dex-trading-volume-surpasses-560-billion-solana-dominates-half\/","title":{"rendered":"DEX Trading Volume Surpasses $560 Billion, Solana Dominates Half"},"content":{"rendered":"<p>In January, the total turnover on DEX reached a record $564.56 billion, marking the highest levels since September.<\/p>\n<p><!--more--><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"270\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dexs_vol-1024x270.png\" alt=\"Dexs_vol\" class=\"wp-image-250949\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dexs_vol-1024x270.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dexs_vol-300x79.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dexs_vol-768x203.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dexs_vol-1536x405.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Dexs_vol.png 1638w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/defillama.com\/dexs\/chains\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>The leader is Solana ($258.74 billion or 45.83% of the total ecosystem turnover). It is followed by:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>Ethereum \u2014 $86.107 billion;\u00a0<\/li>\n<li>BNB Chain \u2014 $80.27 billion;\u00a0<\/li>\n<li>Base \u2014 $52.785 billion;\u00a0<\/li>\n<li>Arbitrum \u2014 $26.778 billion;\u00a0<\/li>\n<li>Sui \u2014 $12.465 billion.\u00a0\u00a0<\/li>\n<\/ul>\n<p>In January, the share of AMM exchange Raydium on Solana <a href=\"https:\/\/u1f987.com\/en\/news\/raydium-protocol-retains-top-spot-in-dex-trading-volume\">surpassed<\/a> that of the once unchallenged segment leader, Uniswap.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"219\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-02-01-162550-1024x219.png\" alt=\"Snimok-ekrana-2025-02-01-162550\" class=\"wp-image-250950\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-02-01-162550-1024x219.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-02-01-162550-300x64.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-02-01-162550-768x164.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-02-01-162550-1536x328.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2025-02-01-162550.png 1695w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/dex-non-custodial\/share-of-dex-volume-monthly\">The Block<\/a>.<\/figcaption><\/figure>\n<p>The surge in trading volume on what is now the largest DEX also coincided with a positive trend in the meme coin market, one of the most popular asset classes on the platform.\u00a0<\/p>\n<p>The total value locked in the Solana ecosystem exceeds $10.8 billion, second only to Ethereum in the <a href=\"https:\/\/defillama.com\/chains\">DeFi Llama<\/a> rankings. Over 2024, this figure grew more than fivefold.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"409\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Solana_TVL-1024x409.png\" alt=\"Solana_TVL\" class=\"wp-image-250951\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Solana_TVL-1024x409.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Solana_TVL-300x120.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Solana_TVL-768x306.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Solana_TVL.png 1504w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/defillama.com\/chain\/Solana\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>In January, the ratio of DEX turnover to the total trading volume on <span data-descr=\"centralized exchanges\" class=\"old_tooltip\">CEX<\/span> exceeded the 20% mark for the first time.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/DEX_to_CEX.webp\" alt=\"DEX_to_CEX\" class=\"wp-image-250952\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/data\/decentralized-finance\/dex-non-custodial\/dex-to-cex-spot-trade-volume\">The Block<\/a>.<\/figcaption><\/figure>\n<p>Last month, the &#8220;meme token factory&#8221; Pump.fun on Solana <a href=\"https:\/\/u1f987.com\/en\/news\/pump-fun-celebrates-anniversary-with-revenue-surpassing-430-million\">celebrated<\/a> its first anniversary, having significantly simplified and reduced the cost of issuing digital assets.<\/p>\n<p>At the end of January, the daily fee volume on the platform reached <a href=\"https:\/\/u1f987.com\/en\/news\/pump-funs-daily-fees-hit-record-15-4-million\">a record $15.4 million<\/a>.<\/p>\n<p>As reported, by the end of the previous month, the trading turnover of the Solana-based exchange Meteora <a href=\"https:\/\/u1f987.com\/en\/news\/meteora-dex-on-solana-sees-trading-volume-soar-to-37-billion-monthly\">reached $37 billion<\/a>. The figure for the previous period was $990 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In January, the total turnover on DEX reached a record $564.56 billion, marking the highest levels since September.<\/p>\n","protected":false},"author":1,"featured_media":20842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,787,1159],"class_list":["post-20843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-dex","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20843"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20842"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}