Radium overtakes Uniswap to take first place in monthly DEX trading volume for the second consecutive month

Solana-based Raydium recently surpassed Uniswap in the decentralized exchange (DEX) trading volume category.
On the 10th (local time), Messari reported in a report that Raydium surpassed Uniswap, the most popular DEX, in October and November.
According to the report, Redium outperformed Uniswap by about 30% in November, which is equivalent to about $30 billion. This follows a similar result in October.
On November 17, Syncracy Capital co-founder Ryan
According to a post on Watkins’ X (formerly Twitter), at the time, Radium was trading about 10% higher than Uniswap.
The Messari report noted that "Radium's success is largely due to its dominant position within the Solana ecosystem," and that "this DE is a Layer 1 block."
"It consistently accounts for over 60% of the daily DEX trading volume on the blockchain network," he added. In particular, meme coin trading has established itself as the main driver of Radium's trading volume.
Memecoins accounted for 65% of Radium's monthly trading volume in November, the highest figure ever.