#solana Memecoins on Solana Make This DEX Surpass Uniswap
Raydium, a decentralized exchange (DEX) on Solana, is surpassing Uniswap, considered the largest DEX in the world, in daily net spot trading volume. To be precise, this volume on Raydium, only on Solana, exceeds the total trading volume on Uniswap V2 and V3, according to data from CoinMarketCap. The reason for this rise would be the memecoin fever on the Solana network.
According to the information made available by CoinMarketCap, the trading carried out on Raydium during the last twenty-four hours is equivalent to USD 1.165 billion. Adding the trading of all the networks where Uniswap operates (Ethereum, Arbitrum, Optimism and Polygon), Uniswap had USD 1.135 billion.
