Summary
- Raydium (RAY) has reportedly surpassed Uniswap (UNI) in the November DEX monthly trading volume.
- Raydium's trading volume increased by about 10% compared to the previous month, recording a trading volume $30 billion higher in the financial market.
- The increase in meme coin trading has significantly contributed to the rise in Raydium's trading volume.
On the 10th (local time), the cryptocurrency-focused media outlet Cointelegraph reported, citing a Messari report, that "Raydium (RAY) has once again surpassed Uniswap (UNI) in the November decentralized exchange (DEX) monthly trading volume rankings."
Raydium's November trading volume was approximately $30 billion (about 30%) more than Uniswap, which is an increase of about 10% compared to the previous month.
Messari explained, "Meme coin trading has played a substantial role as the driving force behind Raydium's trading volume," adding, "In November, meme coins accounted for 65% of Raydium's monthly trading volume, marking a record high."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
