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Raydium passes Uniswap to rise as the busiest DEX on meme token frenzy

Author: Content Editor
Raydium has emerged as the top decentralized exchange (DEX), surpassing Uniswap, due to increased activity in meme tokens. Raydium drew in 90 million active wallets in the past 30 days compared to Uniswap's 13.9 million. It now handles over 60% of all Solana activity on DEX, overtaking multi-chain exchanges and PancakeSwap. The shift towards Solana-based activity has made it the most visited DEX platform, claiming a significant portion of daily visitors. However, Raydium still lags behind in trading volumes compared to Uniswap and other DEX platforms. Despite this, the popularity of Raydium's AI-generated tokens and meme assets, such as WIF and POPCAT, has attracted users and contributed to the rise in its native token, RAY. The wider meme space has also seen increased activity on platforms like Ston_fi and DeDust on Toncoin. However, Solana remains the major driver of DEX activity, with other chains having a smaller impact.

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