Solana-based trading platform Raydium served 111 million unique wallets in a month

In the last 30 days, the popularity of dApp applications on the Solana blockchain has changed dramatically. The leader among them is Raydium, which has attracted 111 million users, showing a 39% month-on-month growth. This is due to the platform’s functionality as an automated market maker (AMM), which allows users to easily exchange tokens and interact with other applications on the blockchain. In addition, Raydium’s high fees and low transaction speeds on other networks make it more attractive to traders. Jupiter comes next with only 3.68 million users, but its popularity has decreased by 36.8%. Jupiter provides options for trading derivatives and other financial instruments, which attracts experienced users interested in more complex trades. Also notable was the growth of pump.fun platform, which attracted 1.53 million users, up 78.1% from a month ago. This platform allows customers to create and trade meme tokens, which is especially appealing to a wide range of users interested in new trends in the crypto market.

Sol Incinerator, a tool for cleaning wallets from “trash” such as fake tokens and failed NFT projects, also showed good growth, increasing its audience by 116%. Such a tool is in demand among users who want to reduce risks and increase the security of their own assets on the Solana blockchain, with

several platforms such as Jito, Solayer and Solend losing popularity. Jito, which provides a steaking service for Solana, lost 17.1% of its users. Solayer, a protocol for re-stacking, recorded a 25.5% decrease in the number of users. Finally, Solend, a decentralized protocol for lending and borrowing funds, also saw a noticeable decrease in its audience (by 21.6%).