The Solana ecosystem DEX is bustling again. Raydium's trading fees in the last 24 hours have surpassed those of Ethereum. Although it's just a flash in the pan, this operation is enough to demonstrate the issue—DeFi on the Solana blockchain is indeed very active.

Impressive data: The RAY token has risen 157% from its low in August, recently reaching $3.18. Analysts are optimistic about further increases, with the next target set at $3.5. Even more impressive, the trading volume on Raydium last week reached $10.31 billion, surpassing Uniswap, which operates on 19 chains, at $10.03 billion.

The logic behind it is also clear - the popularity of Solana's memecoins continues, coupled with the ecosystem's TVL surpassing $1.93 billion, all of which provides Raydium with a steady stream of traffic. However, it is important to note that subsequent token unlocks may bring volatility, and competitors are keeping a close watch. Currently, if Solana's momentum continues, Raydium is likely to occupy a more significant position in the Decentralized Finance landscape.