Uniswap has upended Solana’s Raydium when it comes to buying and selling quantity, regaining its benefit as a serious Dex. Uniswap presently has a market share of 65% of all DEXS.
Uniswap has regained its place as a serious DEX with its important market share. At first of 2025, Raydium held a 65% share of DEX exercise. For the reason that first quarter, Uniswap has regained its affect and is now inverting Raydium, with a market share of 65%.
This restoration comes from a low of $1,400 to $2,700, following the latest rise in Ethereum (ETH) costs. UNISWAP is especially used for hyperfluid pairs of WETH, USDC, and WBTC, and is definitely reached in giant portions with helpful property.
On the similar time, Raidium should compete with many small tokens. The alternative quantity has fallen round $185 millionan exercise led by presently trending memes. Even the rise in bot utilization in Solana didn’t enhance Raidium efficiency as most actions selected the very best route by way of Jupiter and visitors moved to different markets.
Regardless of the expansion of the Solana Ecosystem, Raydium misplaced a few of its market share. The Solana Dex has turn out to be extra aggressive and fragmented, resulting in a spill from Raydium. The extra focused meme exercise meant that Solana Dex did not see that many retail offers.
Raydium vs. Uniswap: Market shares have been turning over for the reason that starting of the yr.
Raydium began its yearly market share with round 65%, whereas UNISWAP now has a market share of round 65% based mostly on day by day buying and selling quantity. pic.twitter.com/ro196nf8ji
– Token Terminal 📊 (@tokenterminal) Could 16, 2025
Uniswap’s benefit was additionally mirrored within the payment ranges. On previous days, Uniswap was one of many high 10 charge producers at $3.39 million, whereas Raydium was behind $1.38 million from its peak at over $13 million in the course of the busiest time of Solana buying and selling.
Raydium is presently right down to 37% of Solana’s Dex quantity, exceeding 60% since its latest peak. Dex has misplaced its share of Pumpswap, Orca and Meteora.
The shortage of recent inflow from Pump.Enjoyable signifies that Raydium is just not assured to earlier volumes. The brand new token creation platform additionally diverts visitors. The inflow of USDC at Solana has boosted the Orca and Meteora pair. The Solana Ecosystem holds the best stage of exercise throughout all chains, however this isn’t sufficient to guide Raydium to its earlier peak efficiency.
Uniswap expands its affect on a number of chains
Uniswap has influenced different chains on its facet, equivalent to BNB Sensible Chain and its native Unishain. The multi-chain technique has led extra customers to change, remodeling them into one of many busiest sensible contracts throughout a number of networks.
The UNISWAP V3 protocol earns over $830 million on daily basis, exceeding centralized change. DEX additionally expanded its accessible liquidity from its $3.4 billion minimal, rising to greater than $4.9 billion in Could.
After UNI recovered above $6.27, UNISWAP elevated its locked worth since its April low. |Supply: Defi Llama
Unichain can also be supporting recruitment, including to over 26 chains with Uniswap variations. The native Dex chain has seen $743.2 million inflows over the previous three months and has held a locked complete $673.9M.
Native Unitokens have been buying and selling close to the best stage for the previous three months, rising to $6.27. The tokens have recovered from the latest native low of $4.80, buying and selling with the best quantity within the final three months. Current improve in demand for Ethereum buying and selling may enhance UNISWAP and lead UNI to a different breakout near the $10 vary.
