According to Messari report, In November, Solana native Raydium beat Uniswap — the leading DEX — in monthly volumes by roughly 30%, or approximately $30 billion, according to the report.

Raydium’s “success is largely attributed to its dominance within the Solana ecosystem,” the Messari report said, adding that the DEX consistently captures over 60% of daily DEX volume on the layer-1 blockchain network.