Solana DEX volume breaks $28b in December

In December, decentralized exchanges on the Solana blockchain collectively achieved $28 billion in total volume.

The Solana decentralized exchange (DEX) ecosystem, comprising various platforms, contributed to the blockchain’s robust performance in the past month.

BREAKING: @solana DECEMBER DEX VOLUME BREAKS $28 BILLION pic.twitter.com/TaxfKkdxRL

— DEGEN NEWS 🗞️ (@DegenerateNews) January 1, 2024

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Raydium, the leading DEX on Solana, reported a weekly decline of 42.6%, with a 24-hour volume of $224.1 million and a seven-day volume of $2.4 billion. Despite a dip in weekly performance, Raydium maintained its dominance, representing 41.1% of the total cumulative volume, reaching $53.6 billion.

Orca and Lifinity secured the second and third positions, with weekly dips of 19.7% and 11.7%, respectively. Orca recorded a 24-hour volume of $209 million and a seven-day volume of $2.6 billion, while Lifinity reported a 24-hour volume of $47.1 million and a seven-day volume of $824.2 million.

With a positive weekly change of 17.6%, Mango Markets showcased a unique trend, boasting a 24-hour volume of $9.5 million and a seven-day volume of $332.7 million. Drift, OpenBook, Crema Finance, Saber, Penguin, Aldrin, Saros, Serum, and Synthetify also played roles in Solana’s DEX monthly rise.

Read more: Modest investors turned into millionaires via Solana rally

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