HumidiFi Becomes Largest DEX on Solana with $34B Volume

HumidiFi is now Solana’s biggest DEX with $34B in trades as more users choose its private and low-cost trading setup.

Big investors are moving to HumidiFi’s dark pool system for safer and smoother trades instead of using public DEX platforms.

Platforms like Jupiter and Blockdaemon are helping boost Solana’s trading scene as private and secure trading keeps growing fast.

HumidiFi has quickly risen to dominate Solana’s decentralized exchange ecosystem, signaling a new phase in on-chain trading dynamics. The dark pool DEX, which operates without a traditional frontend, has recorded massive growth, surpassing long-established platforms like Meteora, Raydium, and PumpFun According to DeFiLlama data shared by WuBlockchain on October 20 (Korean time), HumidiFi logged $1.1 billion in 24-hour trading volume, $9.698 billion over seven days, and $34 billion over 30 days. These figures establish it as Solana’s largest DEX by trading activity.

Source: Wu Blockchain

Dark Pool Model Gains Momentum

HumidiFi’s success stems from its private quoting mechanism, a structure that hides order data from public view. This approach prevents slippage and front-running, even for large transactions. Consequently, more institutional investors and large traders are embracing this model. Unlike public order book DEXs, HumidiFi executes trades through aggregators, ensuring anonymity and cost efficiency.

Data from Sandwiched.me shows that these private pools often achieve negative spreads, allowing traders to execute swaps at highly efficient rates. Moreover, this shift in behavior reflects a broader market transition from visible, liquidity-driven platforms like Raydium and Orca to quiet, algorithmic venues.

Jupiter and Blockdaemon Join the Trend

HumidiFi’s trading surge has also lifted Jupiter’s activity, given its role as a primary router for dark pool orders. On peak days, HumidiFi reportedly handles up to 80% of SOL/USDC trade requests on Jupiter, revealing its central role in Solana’s trading infrastructure. Other dark pools such as SolFi also maintain strong engagement, though HumidiFi remains the leader.

In related developments, Blockdaemon’s Chief DeFi and Protocols Officer, Demo Skalkotos, told BitPinas that the company’s latest DeFi infrastructure expansion aims to unify staking and yield generation. “It is a very secure, integrated way for people to use our platform and have multiple earning capabilities,” said Skalkotos, describing the firm’s new “Earn Stack” as part of its ongoing evolution.

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