Hundreds of thousands of spam transactions on Solana are bolstering Raydium’s payment earnings.
Raydium, the main decentralized trade (DEX) on Solana, narrowly flipped Uniswap in weekly charges and processed over 10 occasions as many transactions as Ethereum’s largest DEX.
During the last week Raydium’s charges surpassed Uniswaps by 15%, because the DEX collected $12.86 million. In the identical time interval Raydium processed over 57 million transactions in comparison with Uniswap v2 and v3’s collective 4.47 million in response to Dapp Radar.
Regardless of the huge discrepancy in transaction rely, Uniswap’s complete quantity stays greater than Raydium’s. Uniswap’s weekly quantity accounted for almost $12 billion, in the meantime Raydium’s was lower than 50% of that, at $5.39 billion per DeFiLlama.
The stark distinction within the quantity to transaction rely ratio between Uniswap and Raydium is indicative of the big quantity of low worth spam transactions happening on the Solana-based DEX.
Raydium’s transaction rely started rising dramatically in the beginning of June alongside Pump.Fun’s complete transactions. Liquidity of all tokens that fill the Pump.Enjoyable bonding curve is burned to Raydium, making Raydium the go-to DEX for Pump.Enjoyable tokens.
