Over the past 30 days, there has been a notable shift in the performance of DeFi protocols on Solana. Orca, a decentralized exchange, witnessed a growth of 85.5% in Daily Active Users (DAU), increasing from 7,600 to 14,100. In contrast, the number of active users on Raydium, a Solana-based AMM, surged by 161.2%, from 6,700 to 17,500. Dooar Swap experienced a modest growth of 41.9%, with DAU numbers rising from 3,100 to 4,400. Meanwhile, Serum saw a significant increase of 153.8%, moving from 2,600 to 6,600.
Chart showing the Daily Active Users (DAUs) on Solana’s DeFi protocols from Oct. 3 to Nov. 1, 2023 (Source: Dune Analytics)
While the absolute numbers of DAUs have increased for all protocols, their relative share among all users on Solana has seen some shifts. Orca’s share decreased from 30% to 26%, Raydium’s share grew from 27% to 32%, Dooar Swap’s share saw a decline from 12.4% to 8.2%, and Serum’s share experienced a slight increase from 11.2% to 12.5%.
Graph showing t
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