The proprietary automated market maker has quietly surpassed leading Solana DEXs like Raydium, Meteora, and PumpSwap.
A relatively new exchange, HumidiFi, has risen to the top of the Solana decentralized exchange (DEX) volume leaderboards, flipping legacy Solana DEXs such as Raydium, Meteora, and PumpSwap.
HumidiFi is a proprietary automated market maker (AMM) that launched in June. Over the last month, HumidiFi has processed $34 billion in DEX volume compared to Meteora’s $31.5 billion and Raydium’s $21.4 billion.
Solana DEXs by Volume – DeFiLlamaA proprietary, or prop, AMM is a DEX solution that delivers lower slippage by eliminating adverse flow, which drives more market maker liquidity and volume to the DEX, all of which creates better price quotes for traders.
Capitalizing on the recent attention, HumidiFi lightly teased an upcoming token launch when it simply said “soon” while quote-tweeting a user who inquired about a token generation event (TGE) and airdrop. However, the tweet has since been deleted.
Deleted post – HumidiFi XSolana’s DEX sector has been highly competitive since the chain’s big 2024 comeback, with Raydium, Meteora, PumpSwap, and now HumidiFi all taking turns as the ecosystem’s dominant DEX.
Source: https://thedefiant.io/news/defi/humidifi-tops-monthly-solana-dex-volumes-and-teases-airdrop
