In January, the total turnover on DEX reached a record $564.56 billion, marking the highest levels since September.
The leader is Solana ($258.74 billion or 45.83% of the total ecosystem turnover). It is followed by:
- Ethereum — $86.107 billion;
- BNB Chain — $80.27 billion;
- Base — $52.785 billion;
- Arbitrum — $26.778 billion;
- Sui — $12.465 billion.
In January, the share of AMM exchange Raydium on Solana surpassed that of the once unchallenged segment leader, Uniswap.
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.
The total value locked in the Solana ecosystem exceeds $10.8 billion, second only to Ethereum in the DeFi Llama rankings. Over 2024, this figure grew more than fivefold.
In January, the ratio of DEX turnover to the total trading volume on CEX exceeded the 20% mark for the first time.
Last month, the “meme token factory” Pump.fun on Solana celebrated its first anniversary, having significantly simplified and reduced the cost of issuing digital assets.
At the end of January, the daily fee volume on the platform reached a record $15.4 million.
As reported, by the end of the previous month, the trading turnover of the Solana-based exchange Meteora reached $37 billion. The figure for the previous period was $990 million.