Solana's decentralized exchanges (DEX) have achieved remarkable daily trading volumes of $3.98 billion, surpassing the combined volumes of Ethereum ($1.70 billion) and Base ($1.20 billion). Over the past week, Solana's DEX volumes increased by 47.66%, while Ethereum and Base saw modest growth. Raydium, the leading DEX on Solana, has outperformed Uniswap, with trading volumes skyrocketing over tenfold in 2024, driven in part by the popularity of memecoins.