publicly available data from Raydium, Uniswap, and Lido's official websites or reputable financial data aggregators like CoinGecko or CoinMarketCap

Raydium Protocol Surpasses Uniswap in Fees, Hits $1 Billion 24-Hour Volume

Jul 18, 2024, 12:21 AM

Raydium Protocol has significantly increased its market share in the Solana decentralized exchange (DEX) space, growing from 36% to 66% since the start of the year. The protocol has also overtaken Uniswap and Lido in 24-hour fees collected, generating $3.14 million. Additionally, Raydium's 24-hour trading volume has reached $1 billion. In a notable achievement, Raydium has surpassed Uniswap in both 7-day and 30-day fees collected, despite Uniswap's revenue including all revenue from layer 2s and the Ethereum Mainnet. The influx of more meme coins has contributed to the increased fees.