Raydium Ranks Among the Top 3 DEXs by Trading Volume

Raydium is now the third-highest-ranked DEX by daily trading volume. It's also a top-five decentralized finance (DeFi) protocol on Solana.

Raydium (CRYPTO: CLMM) is now the third-highest-ranked decentralized exchange (DEX) by daily trading volume.

Raydium Ranks Among Top 3 DEXs By Trading Volume

Raydium is now the third-highest-ranked DEX by daily trading volume. It’s also a top-five decentralized finance (DeFi) protocol on Solana.

Here’s a look at the top DEXs by 24-hour trading volume, according to CoinGecko:

Binance: $10.3 billion

dYdX: $1.4 billion

Raydium (CLMM): $366.5 million

Raydium: $358.3 million

Uniswap V3: $284.9 million

Sushiswap: $230.8 million

PancakeSwap: $198.8 million

Orca: $180.3 million

Trader Joe: $148.3 million

DeFi Llama ranks Raydium 5th in total value locked (TVL) with $2.62 million, showing a 29.31% increase over the last 30 days.

Raydium’s trading activity is surging compared to other DEXs.

CLMM and Raydium now hold the third and fourth spots in DEX trading volumes, reaching $366.5 million and $358.3 million, respectively.

Both CLMM and Raydium have seen a significant surge in trading activity, outpacing other major DEXs like Uniswap V3, Sushiswap, PancakeSwap, Orca, Trader Joe, and others.

Binance and dYdX continue to lead the pack by a wide margin, with Binance handling over 10 times the daily trading volume of Raydium.