HumidiFi decentralized exchange (DEX) occupies the largest position on the Solana network, surpassing well-known platforms such as Meteora and Raydium in trading volume over the past 30 days.
In that era, HumidiFi Recorded trading volume of $35.5 billionMeteora and Raydium reached 33.6 billion and 21.3 billion, respectively.
HumidiFi works based on the Automation Market Maker (AMM) model. Token exchange possible without the need for an intermediary.
Instead of using a traditional order book, this type of protocol uses user-contributed funds (liquidity pool). Perform operations automaticallyfollows an algorithm that determines the price of an asset.
Finally, DEX was mobilized in Solana during October. The total amount is close to $150 billion. In this context, HumidiFi concentrated at 23.6% of the total, Meteora at 22.4%, and Raydium at 14.2%.