Solana's decentralized exchange (DEX) trading volume is set to reach $1 trillion, with current figures indicating a cumulative $920 million processed, largely driven by a surge in memecoin trading.

The total value locked (TVL) in liquidity pools across Solana platforms is also increasing, approaching $2 billion, currently at $1.99 billion. Five key platforms - Raydium, Orca, Meteora, Lifinity, and Pumpfun - are leading the way in this impressive performance.

Raydium has emerged as the dominant DEX, surpassing Uniswap in trading volume, fees, and revenue. Recent data shows that in November, Raydium achieved a monthly trading volume of $124.6 billion, outpacing Uniswap by 30%, which recorded $90.5 billion. This shift represents a significant milestone in the competitive landscape of decentralized finance.