Is Ethereum hopeless? Solana Raydium volume has surpassed Uniswap and ETH for two consecutive months, with the ecosystem's funds experiencing a net outflow of $1.2 billion in a single month.

Messari released a report that Raydium, the largest DEX in the Solana ecosystem, surpassed Uniswap in volume for two consecutive months, with a transaction volume of $124.6 billion in November, 30% higher than Uniswap. This was helped by the popularity of MeCoin, which accounted for 65% of Raydium's November volume, a record high. (Synopsis: UniswapEthereum L2 volume hit a record high, analysts: Decentralized Finance demand returned, UNI rose more than 35% a week) (Background supplement: a comprehensive interpretation of the status quo of the largest DEX Raydium in the Solana ecosystem) The largest Decentralizationexchange Raydium in the Solana ecosystem Received the Binance list contract yesterday (10) (Spot trading has been launched before). Early this morning, Messari, a well-known encryption research organization, released a report that Raydium's monthly volume has surpassed Uniswap for two consecutive months. Multiple Favourable Information messages drove its Token RAY strongly. Raydium surpasses Uniswap by 30% in November volume According to Messari, Raydium became the leading DEX of all on-chain volume in October, a trend that accelerated in November, with Raydium reaching $124.6 billion, 30% higher than Uniswap's $90.5 billion. As of the third quarter of this year, it managed to account for the majority of Solana's daily Decentralizationexchange (DEX) volume, and in November it accounted for more than 60% of Solana's daily volume. Raydium's monthly volume surpassed Uniswap in October and November, Messari said that Raydium's outstanding performance was due to the popularity of the meme coin, which accounted for 65% of Raydium's November volume, a record high. Memecoins account for 65% of Raydium's November volume Messari added that Raydium's success is directly linked to the growth of the entire Solana ecosystem. In November, Solana accounted for about 50% of the full-chain DEX volume, 2.7 times Ethereum's 18% share. In addition, Raydium's V3 upgrade has brought significant growth, improved portfolio and Liquidity management capabilities, integrated price oracle and Token-2022 support, and taken full advantage of Solana's high speed and low cost to optimize the user experience. These improvements further enhance Raydium's trading experience and capital efficiency, solidifying its position as a leading DEX. RAY single-day rise 10% Incentivized by this, RAY prices ushered in an upward rise. CoinGecko data shows that RAY once soared to $4.97 in the past 24 hours, up 10%, and more than 500% in the past 1 year. Ethereum is not saved? This phenomenon makes the market wonder, is Ethereum lagging behind Solana in the recent market recovery? Decentralized FinanceLlama data shows that Solana surpassed Ethereum year-to-date in July, October and November, and was gradually forced by its own Layer2 base chain. The data shows that in the November volume, Solana was close to $130 billion, Ethereum was $70.6 billion, and Base was $45.76 billion. In addition, Artemis data points out that Ethereum's net outflow of funds in the past month was the largest among mainstream public chains, with a net outflow of up to $1.2 billion. In contrast, Base, Solana and Arbitrum are the three public chains with the highest net inflows, with sizes of $1 billion, $368 million and $227 million, respectively. Looking further at where Ethereum's money is going, the top three are Base, Arbitrum, and Solana. Therefore, we can conclude that Ethereum is currently facing not only external problems (Solana), but also internal worries (its own L2) funding competition, which is more likely to be more serious after Uniswap launched its own Ethereum L2 "Unichain", after all, Uniswap accounts for 78.58% of Ethereumvolume. This threatens to cause validators on Ethereum to potentially lose about $400 million to $500 million in revenue per year, seriously threatening Ethereum's fundamental narrative as a deflationary currency, and further raising questions about the sustainability of Ethereum's scaling strategy, the robustness of its economic model, and the Decentralization ideal of the supportBlock ecosystem. Extended reading: Uniswap launched "Unichain" or let Ethereum lose 4~500 million US dollars in revenue per year, ETH It is more difficult to deflation Uniswap accounts for 78.58% of Ethereumvolume Related reports Senior Ethereum developer jumps to Solana: frustrated with Ethereum... Community Response: SOL is just a paper tiger with deep pockets Solana mines! Pump.fun banned UK users without warning, 18 banned live broadcasts caused? Ethereum Foundation Researcher: Solana's Golden Age is over! Two advantages will be surpassed by ETH L2 〈Ethereum is not saved? Solana Raydium volume overtook Uniswap and ETH ecological funds with a net outflow of $1.2 billion in a single month" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".