HumidiFi, a decentralized exchange (DEX) operating on the Solana network, has surged to the top position, overtaking established platforms like Meteora, Raydium, and PumpFun. The platform’s rapid ascent is backed by significant trading activity, establishing it as the leading DEX in the Solana ecosystem.

According to data from DeFiLlama, HumidiFi has processed impressive trading volumes, recording $1.1 billion in a 24-hour period, nearly $9.7 billion over seven days, and $34 billion in the last 30 days. This performance highlights a major shift in user preference and capital flow within Solana’s Decentralized Finance (DeFi) landscape.

A Private Approach to Trading

Unlike most decentralized exchanges that broadcast order information publicly, HumidiFi operates as a “dark pool.” It uses a private quoting structure where trade details are not disclosed externally until after they are executed. This model offers distinct advantages, particularly for large transactions.

By keeping order information confidential, the platform effectively prevents common issues like slippage and front-running, where other traders exploit visible orders to their advantage. This structure has proven especially attractive to institutional investors and major traders who need to execute large orders without causing adverse price movements.