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Cryptocurrency News Articles
Raydium Ranks Among the Top 3 DEXs by Trading Volume
Oct 28, 2024 at 02:04 am
Raydium is now the third-highest-ranked DEX by daily trading volume. It's also a top-five decentralized finance (DeFi) protocol on Solana.
Raydium (CRYPTO: CLMM) is now the third-highest-ranked decentralized exchange (DEX) by daily trading volume.
Raydium Ranks Among Top 3 DEXs By Trading Volume
Raydium is now the third-highest-ranked DEX by daily trading volume. It’s also a top-five decentralized finance (DeFi) protocol on Solana.
Here’s a look at the top DEXs by 24-hour trading volume, according to CoinGecko:
Binance: $10.3 billion
dYdX: $1.4 billion
Raydium (CLMM): $366.5 million
Raydium: $358.3 million
Uniswap V3: $284.9 million
Sushiswap: $230.8 million
PancakeSwap: $198.8 million
Orca: $180.3 million
Trader Joe: $148.3 million
DeFi Llama ranks Raydium 5th in total value locked (TVL) with $2.62 million, showing a 29.31% increase over the last 30 days.
Raydium’s trading activity is surging compared to other DEXs.
CLMM and Raydium now hold the third and fourth spots in DEX trading volumes, reaching $366.5 million and $358.3 million, respectively.
Both CLMM and Raydium have seen a significant surge in trading activity, outpacing other major DEXs like Uniswap V3, Sushiswap, PancakeSwap, Orca, Trader Joe, and others.
Binance and dYdX continue to lead the pack by a wide margin, with Binance handling over 10 times the daily trading volume of Raydium.
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