PANews reported on February 3 that according to data from The Block, Raydium processed 27% of DEX trading volume in January, surpassing Uniswap to become the DEX platform with the largest trading volume. At the same time, Raydium's market share increased from 18.8% in December to 27.1% in January, while Uniswap fell from 34.5% in December to 22% in January.

In addition, data from The Block shows that since October 2024, Solana's DEX transaction volume has surpassed Ethereum, mainly driven by the surge in Raydium's transaction volume. In January of this year, the surge in DEX transaction volume on Solana may be related to Trump's official launch of MEME currency, processing five times the transaction volume of Ethereum in just one week.