In January, the decentralized exchange (DEX) market saw a record total turnover of $564.56 billion, with Solana being the leader with $258.74 billion (45.83% of total ecosystem turnover). This surpassed Uniswap as the share of Solana-based AMM exchange Raydium increased. The growth in trading volume on Solana coincided with the positive trends in the meme-coin market. The total blocked value in the Solana ecosystem is now over $10.8 billion, making it the second-largest after Ethereum. The ratio of DEX turnover to total trading volume on centralized exchanges exceeded the 20% threshold for the first time. Solana's Pump.fun, a platform that simplifies issuing digital assets, celebrated its first anniversary. Additionally, the daily volume of commissions on the platform set a new record at $15.4 million.



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