Decentralized exchange (DEX) HumidiFi positioned itself as the largest on the Solana network by trading volume over the last 30 days, surpassing well-known platforms such as Meteora and Raydium.
In that period, HumidiFi recorded a volume of 35.5 billion dollarswhile Meteora and Raydium reached 33.6 billion and 21.3 billion, respectively.
HumidiFi operates under the automated market maker (AMM) model, a system that allows token exchanges without the need for intermediaries.
Instead of using a traditional order book, this type of protocol uses funds contributed by users (liquidity pools) to execute operations automaticallyaccording to algorithms that determine the price of the assets.
Finally, in Solana, during October, the DEXs they mobilized a total volume close to 150,000 million dollars. In this context, HumidiFi concentrated 23.6% of the total, Meteora 22.4% and Raydium 14.2%.