Key Insights:
- HumidiFi recorded $34 billion in 30-day trading volume, leading all Solana DEXs.
- The platform operates as a dark pool using private quoting and aggregator-based execution.
- Solana’s TVL in SOL terms reached its highest point in more than three years.
The decentralized exchange (DEX) HumidiFi has become the largest DEX on the Solana network, according to data from DeFiLlama. The platform recorded a 24-hour trading volume of $1.1 billion, a 7-day volume of $9.698 billion, and a 30-day total of $34 billion.
These figures position HumidiFi ahead of other major Solana-based DEXs, including Meteora, Raydium, and Pump. HumidiFi has become the largest DEX on Solana, surpassing all major competitors in trading volume. The exchange’s rise comes as overall activity on Solana continues to increase, supported by higher network liquidity and trading demand.
Private Quoting Model and Aggregator Execution
HumidiFi operates as a dark pool exchange, meaning it does not have a public-facing frontend. It uses a private quoting system that allows large trades to be executed discreetly. Most trades on the platform are executed through aggregators rather than directly on the user interface.
This structure appeals to traders seeking reduced slippage and more privacy during high-volume transactions. HumidiFi operates without a frontend and utilizes private quoting, with trades frequently executed through aggregators. The model differs from traditional DEXs, which rely on visible order books and open liquidity pools.
Meanwhile, Solana’s total value locked (TVL) measured in SOL has reached its highest level in over three years, according to DeFiLlama. The growth of HumidiFi contributes to Solana’s expanding DeFi ecosystem and trading activity.
