Raydium surpasses Uniswap to become the number one DEX in cross-chain trading volume.

Raydium is an automated market maker (AMM) platform built on top of Solana, where users can trade and provide liquidity to earn profits from digital assets. However, unlike other AMM platforms, Raydium's AMM provides on-chain liquidity for Serum's central limit order book, which means that Raydium's users and liquidity pool can access the order flow and liquidity of the entire Serum ecosystem, and vice versa.

 

Recently, it was reported that the trading volume of Raydium protocol exceeded $122.20 billion in the past 30 days, successfully surpassing Uniswap to become the world's largest decentralized exchange in terms of trading volume, even though it only operates on the Solana chain. In contrast, Uniswap's 30-day trading volume was $98.70 billion, ranking second. Raydium's strong performance highlights its important position in the Solana ecosystem and further proves its competitiveness in cross-chain decentralized trading.