Uniswap has upended Solana's Raydium by way of buying and selling quantity, regaining its benefit as a serious Dex. Uniswap at the moment has a market share of 65% of all DEXS.
Uniswap has regained its place as a serious DEX with its vital market share. In the beginning of 2025, Raydium held a 65% share of DEX exercise. Because the first quarter, Uniswap has regained its influence 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 principally used for hyperfluid pairs of WETH, USDC, and WBTC, and is well reached in giant portions with invaluable belongings.
On the identical time, Raidium should compete with many small tokens. The substitute quantity has fallen round $185 millionan exercise led by at the moment 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 site 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 didn't 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% primarily based 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 prime 10 fee producers at $3.39 million, whereas Raydium was behind $1.38 million from its peak at over $13 million through the busiest time of Solana buying and selling.
Raydium is at the moment all the way 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 will not be assured to earlier volumes. The brand new token creation platform additionally diverts site visitors. The inflow of USDC at Solana has boosted the Orca and Meteora pair. The Solana Ecosystem holds the best degree of exercise throughout all chains, however this isn’t sufficient to steer Raydium to its earlier peak efficiency.
Uniswap expands its influence on a number of chains
Uniswap has influenced various chains on its aspect, reminiscent of BNB Sensible Chain and its native Unishain. The multi-chain technique has led extra customers to trade, remodeling them into one of many busiest sensible contracts throughout a number of networks.
The UNISWAP V3 protocol earns over $830 million day by day, exceeding centralized trade. 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 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 degree 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 might enhance UNISWAP and lead UNI to a different breakout near the $10 vary.
