Dark pool HumidiFi has grown to become the largest DEX protocol on the Solana blockchain surpassing Meteora, Raydium, and Pump on all fronts.
Summary
- HumidiFi has overtaken major competitors like Meteora, Raydium, and Pump.fun to become Solana’s largest DEX, recording over $1.1 billion in 24-hour trading volume.
- Its rise highlights a broader shift in DeFi toward dark pool or proprietary AMM models that prioritize execution efficiency and privacy over transparency and open liquidity.
On Oct. 20, the dark pool decentralized exchange HumidiFi officially became the largest protocol on the Solana blockchain, having surpassed Meteora, Raydium and Pump.fun. According to data from DeFi Llama, the protocol contributes as much as $1.1 billion to the total 24 hour DEX trading volume on Solana.
At press time, the total daily DEX volume on Solana (SOL) has amounted to more than $3.68 billion. Compared to Meteora, the second largest DEX on Solana, the dark pool protocol only has a $100 million head start.
In terms of DEX trading volume within the past seven days, it is also in the lead with a trading volume that has nearly reached $10 billion. Meanwhile, Meteora’s seven-day trading volume is around $1.2 billion short of the other protocol.
On the other hand, Raydium’s (RAY) daily DEX volume is nearing $500 million. Its seven-day trading volume is still below $5 billion, indicating that it is still half-way behind the two largest DEX platforms on Solana.
Meanwhile, Solana’s meme coin launcpad Pump.fun (PUMP) has fallen far from grace. The protocol’s DEX trading volume sits at $174.3 million. Despite this, Pump.fun’s DEX trading volume has amounted to $1.5
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Author: Trisha Husada
