HumidiFi Takes Solana DEX Crown
HumidiFi has emerged as the leading decentralized exchange (DEX) on the Solana blockchain. It has surpassed rivals like Meteora,Raydium,and Pump.fun.
HumidiFi Becomes Solana’s Top DEX
HumidiFi has become the leading decentralized exchange (DEX) on Solana, surpassing competitors like Meteora, raydium, and Pump.fun. It now records over $1.1 billion in 24-hour trading volume.
HumidiFi’s rise reflects a growing trend in decentralized finance (DeFi). Users are shifting towards dark pool or proprietary AMM models. These prioritize execution efficiency and privacy over transparency and open liquidity.
On October 20, HumidiFi officially took the top spot on Solana.According to DeFi Llama, the platform contributes considerably to Solana’s daily DEX volume.
HumidiFi leads in seven-day trading volume, nearing $10 billion. Meteora, the second-largest DEX, trails by about $1.2 billion. Raydium’s daily volume is close to $500 million, with a seven-day volume below $5 billion.
HumidiFi uses a “proprietary” automated market maker (AMM) model.Unlike customary AMMs, it doesn’t rely on external liquidity providers. This makes it a “dark pool,” where trades are invisible to other users.
HumidiFi’s success may signal a shift in DeFi. Traders might prefer execution efficiency and privacy over traditional metrics like visible total value locked (TVL). However, this could raise concerns about transparency and decentralization.
HumidiFi’s low TVL and high trading volume highlight its focus on tight spreads and low slippage. This model may be more sustainable in the long term, but it depends on current market conditions.
