Raydium Surges Past Uniswap as Leading DEX for Meme Tokens
Raydium (RAY) has become the most active DEX in October,
surpassing Uniswap due to a surge in meme token trading on
Solana. The platform recorded over 90 million active wallets in
30 days, far exceeding Uniswap’s 13.9 million.
Meme Tokens Boost Raydium’s Popularity
Fueled by platforms like Pump.fun, Raydium now handles 60%
of Solana’s DEX activity, reflecting Solana's rising appeal for
meme tokens and decentralized trading.
Solana’s Expanding DEX Market
Solana now captures 43–48% of daily DEX traffic, with Raydium
driving growth through meme tokens like WIF and POPCAT,
recently securing $3.14 million in fees and locking in $1.4 billion
in value.
RAY Token on the Rise
This surge has pushed RAY to a one-year high, with open
interest climbing to $5.69 million. As Raydium grows, it
reinforce Solana’s position as a decentralized trading hub.
