Radium Fees Eclipse Uniswap, Ranking First in 24 Hours

IconCryptoNewsTerminal Staff17 Jul, 2024

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Radium Fees Eclipse Uniswap, Ranking First in 24 Hours

Solana-based decentralized exchange (DEX) Radium has surpassed industry leader Uniswap in terms of fee revenue over the past 24 hours, according to data from DeFiLlama. Radium generated an impressive $31.4 million in fee revenue during this period, outpacing Uniswap's $28.7 million. This strong performance places Radium as the top-ranked DEX in terms of fees. The surge in Radium's fee revenue is attributed to the growing popularity of the Solana blockchain, which has attracted a significant number of users and projects due to its fast transaction speeds and low fees. Radium has capitalized on this growth by providing a platform for users to trade Solana-based assets. This achievement highlights the growing prominence of Solana as a viable alternative to Ethereum in the DeFi space. Radium's success is expected to further drive adoption and innovation within the Solana ecosystem.

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