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Crypto

Raydium Surges as Solana DeFi Activity Reaches New Heights

Guavy AI Editorial Team
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ETH SOL
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Solana's decentralized finance (DeFi) scene is experiencing significant growth. Raydium, a leading decentralized exchange (DEX), has gained a whopping 60% market share in the Solana ecosystem.

This comes as overall DeFi activity cools off and meme coins start fleeing towards Tron. According to DeFiLlama data, total value locked across major blockchains sits at $77 billion, with Ethereum still leading the pack but Solana making waves.

Raydium's user base is exploding, attracting over 200,000 active users daily, as shown by Artemis data shared on X. This growth is leaving other competing protocols in the dust.

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