The dark pool trading platform HumidiFi has reached a trading volume of $34 billion in the past month, becoming the largest DEX on Solana.

On October 20, the dark pool trading platform HumidiFi has become the largest trading platform on the Solana blockchain, processing a record trading volume of 34 billion USD in the past month. According to DefiLlama data, HumidiFi has surpassed the liquidity protocol Meteora with a trading volume of 31 billion USD and outperformed the established Solana DEX Raydium (trading volume 21 billion USD), while just three months ago, the platform's average daily trading volume often struggled to exceed 100 million USD. Dark pool trading platforms (also known as dark pool automated market makers or proprietary market makers) are a type of trading platform on the Solana blockchain that have gained popularity in recent months. Unlike the largest decentralized trading platform Uniswap, dark pool market makers operate in the background. They typically do not have an official website and do not allow users to provide liquidity to earn exchange fees. These platforms often rely entirely on the liquidity provided by their creators (usually anonymous) and only accept trades routed through trading aggregators such as Jupiter. Although dark pool market makers are more transparent than centralized trading platforms due to all trades being publicly traceable on-chain, they have lower transparency in other aspects. Dark pool operators usually choose to conceal their identities because they only interface with aggregators and do not directly face traders. The HumidiFi development team remains anonymous to this day, although its X account dynamics suggest that they may reveal their identities soon.