HumidiFi decentralized trade (DEX) occupies the biggest place on the Solana community, surpassing well-known platforms reminiscent of Meteora and Raydium in buying and selling quantity over the previous 30 days.
In that period, HumidiFi Recorded buying and selling quantity of $35.5 billionMeteora and Raydium reached 33.6 billion and 21.3 billion, respectively.
HumidiFi works based mostly on the Automation Market Maker (AMM) mannequin. Token trade attainable with out the necessity for an middleman.
As a substitute of utilizing a standard order e book, any such protocol makes use of user-contributed funds (liquidity pool). Carry out operations mechanicallyfollows an algorithm that determines the worth of an asset.
Lastly, DEX was mobilized in Solana throughout October. The full quantity is near $150 billion. On this context, HumidiFi concentrated at 23.6% of the overall, Meteora at 22.4%, and Raydium at 14.2%.
