Solana DEX Raydium Weekly Fees Outperform Uniswap

CoinNews reports:
Leading decentralized exchange (DEX) Raydium on Solana has surpassed Uniswap in weekly fees, processing more than 10 times the trading volume of Ethereum’s largest decentralized exchange.
Last week, Raydium’s fees exceeded Uniswap’s by 15%, collecting $12.86 million. According to data from Dapp Radar, during the same period, Raydium processed over 57 million transactions, while Uniswap v2 and v3 had a total transaction volume of 4.47 million.
Despite the significant difference in transaction numbers, Uniswap still has a higher total trading volume than Raydium. Uniswap’s weekly trading volume is close to $12 billion, while Raydium’s volume is less than 50% of that, at $5.39 billion according to DeFiLlama.
The apparent discrepancy in the ratio of trading volume to transaction numbers between Uniswap and Raydium indicates a significant amount of low-value spam transactions occurring on the Solana-based DEX.
Raydium’s transaction numbers started to sharply increase in early June together with the Pump. Fun’s total trading volume. The liquidity of all tokens pumped was channeled into Raydium. The interesting bonding curve was burned by Raydium, making it the preferred DEX for Pump. Interesting tokens.