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## DEX Volume Share: HumidiFi vs Jupiter (Solana) **HumidiFi leads spot DEX volume** at **35%+ share** of Solana spot trading (per project data, e.g., **$933M swaps on Dec 11** = 23% total Solana activity). Jupiter, as a DEX **aggregator** (not pure DEX), routes optimal swaps across protocols but shows minimal direct volume (**$15.6k 24h**)—its strength is **$1.08T YTD routed volume** via API/terminal. [DeFiLlama](tool) [Phemex](https://phemex.com/news/article/jupiter-unveils-stablecoin-and-acquires-rainfi-at-solana-breakpoint-43899) ### 24h Volumes (as of 2025-12-14 18:50 UTC) Top Solana DEXs (HumidiFi from project claims; others DeFiLlama). Total ~**$2.07B** (excl. smaller/unlisted). | DEX | 24h Volume | Est. Share | Chain | Notes/Source | |------------|----------------|------------|--------|--------------| | **HumidiFi** | **~$1B** (peak) | **35% spot** | Solana | Prop-AMM dominance [project] | | Meteora | **$602M** | 29% | Solana | DL | | Raydium | **$467M** | 22% | Solana | DL | | Orca | **$399M** | 19% | Solana | DL | | **Jupiter** | **$15.6k** | <1% | Solana | Aggregator vol low [DL] | **7d Trends**: Meteora **$3.57B**, Raydium **$2.82B**, Orca **$2.57B**, Jupiter **$651k**—HumidiFi's rise displacing incumbents in spot. ## Key Differentiators - **HumidiFi**: Pure prop-AMM for tight spreads/high-freq spot; new entrant capturing share rapidly. - **Jupiter**: Aggregator/superapp (swaps, perps, lend); focuses on routing (e.g., recent JupUSD stablecoin, Rain.fi acquisition) over direct liquidity. [News](https://www.chaincatcher.com/en/article/2228840) **Bottom line**: HumidiFi > Jupiter in direct spot DEX share today; monitor if HumidiFi sustains vs Jupiter's ecosystem moat (APIs, $1B+ rewards). Solana total DEX ~$2-3B/day.