Raydium increased its market share from 18.8% in December to 27.1% in January, while Uniswap’s share dropped from 34.5% to 22%. This shift reflects trader sentiment towards DEX exchanges based on their performance in the memecoin market.
Solana’s DEX volume notably exceeded Ethereum’s, achieving five times more transactions in a week. PancakeSwap took 17% of the volume, with Orca and Meteora following in fourth and fifth positions, respectively.