Solana-based decentralized change (DEX) Raydium has outperformed stablecoin large Tether in every day charge era.
In keeping with information from DeFiLlama, Raydium generated over $15 million in charges within the final 24 hours, surpassing Tether’s $13 million throughout the identical interval.
Over the previous week, Raydium’s charge income reached a formidable $81.2 million, positioning it because the second-highest earner within the DeFi ecosystem. Tether retained the highest spot in weekly charge era.
Market observers attribute this progress to the resurgence of the memecoin pattern, which has fueled elevated buying and selling volumes on the Solana-based platform. Notably, Raydium’s quantity has outshined Uniswap, the main DEX working throughout almost 20 networks, together with Ethereum and layer-2 options like Base and Arbitrum.
Through the week, Raydium dealt with a staggering $30 billion in buying and selling quantity, far exceeding Uniswap’s $19 billion.
This milestone illustrates the rising reputation of Solana-based platforms as merchants search high-speed and low-cost alternate options.