Catenaa, Monday, January 3, 2025 – Meteora, the liquidity protocol, had reached $33 billion in trading volume in January, as recent reports said.
The protocol has obtained 9% of the total market share, securing its place among the top five decentralized exchanges in the world for the first time.
This surge in its trading volume in January recorded a 33-fold increase compared to December 2024 data.
It is a Solana-based DEX designed to tackle liquidity issues in Solana with innovative products.
It is reported that three of the top five DEXs are being operated within the Solana ecosystem.
Further, since Solana is becoming the preferred blockchain for new token launches, the choice of Meteora would be significant for investors and users in ensuring the platform.
