HumidiFi Emerges as Leading DEX on Solana

HumidiFi leads Solana DEX with $1.1B daily and $34B monthly trading volumes.

HumidiFi has become the largest decentralized platform within the Solana ecosystem. In the past 24 hours, trading volume on the platform reached $1.1 billion, and over the past 30 days, it amounted to $34 billion.

With this achievement, the project has surpassed Meteora, Raydium, Orca, and Pump.

The DeFi project HumidiFi operates as a dark pool. The protocol lacks a public interface, with trades conducted through aggregators. Prices are set privately rather than in public order books.

This approach ensures privacy and reduces slippage, attracting large traders who prefer not to disclose their strategies. According to Sandwiched.me, such protocols sometimes achieve negative spreads.

The efficiency of dark pools leads to a liquidity shift from public platforms like Raydium and Orca. HumidiFi does not engage in high-profile marketing campaigns but attracts professional market participants through deep liquidity and confidentiality.

In September, decentralized finance protocols generated approximately $600 million in fee revenue.