Humidifi AMM Overtakes Binance in Weekly SOL-USD Spot Volume

Decentralized exchange Humidifi has exceeded Binance's weekly Solana-to-USD trading volume just five months after launching on the Solana blockchain.

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Terms & Concepts
  • Automated Market Maker (AMM): A decentralized trading protocol that uses algorithms to price assets and enable trades without a traditional order book.
  • Solana (SOL): A high-performance blockchain known for fast transactions and low fees, used to power decentralized applications.
  • Spot Volume: The total amount of an asset traded for immediate settlement over a specific period.