HumidiFi decentralized change (DEX) positioned itself as the most important on the Solana community by buying and selling quantity during the last 30 days, surpassing well-known platforms corresponding to Meteora and Raydium.
In that interval, HumidiFi recorded a quantity of 35.5 billion {dollars}whereas Meteora and Raydium reached 33.6 billion and 21.3 billion, respectively.
HumidiFi operates beneath the automated market maker (AMM) mannequin, a system that permits token exchanges with out the necessity for intermediaries.
As a substitute of utilizing a conventional order e book, this kind of protocol makes use of funds contributed by customers (liquidity swimming pools) to execute operations roboticallyin keeping with algorithms that decide the worth of the belongings.
Lastly, in Solana, throughout October, the DEXs mobilized a complete quantity near 150,000 million {dollars}. On this context, HumidiFi concentrated 23.6% of the whole, Meteora 22.4% and Raydium 14.2%.
Blockchain
