Summary
- HumidiFi was reported to have become the No.1 DEX on the Solana network, recording a 24-hour trading volume of US$1.1 billion and US$34 billion over 30 days.
- HumidiFi adopts a private quoting structure, which it says prevents slippage and front-running during large trades.
- It said this structure is rapidly spreading mainly among institutional investors and large traders.
HumidiFi, a Solana (SOL)-based dark pool (an exchange where trade records are not disclosed) decentralized exchange (DEX), has risen to become the network's No. 1 DEX.
On the 20th (Korean time), UBlockchain, citing DeFiLlama data, reported that HumidiFi recorded a 24-hour trading volume of US$1.1 billion, a 7-day trading volume of US$9.698 billion, and a 30-day trading volume of US$34 billion. Accordingly, HumidiFi surpassed Meteora (MET), Raydium (RAY), and PumpFun (PUMP) to become the largest Solana-based DEX.
Unlike regular DEXs, HumidiFi adopts a 'private quoting' structure in which order information is not disclosed externally, preventing slippage and front-running even in large trades. This structure is rapidly spreading among institutional investors and large traders.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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