Solana ecosystem surges again: USD 1 trading volume exceeds $260 million in 24 hours, Raydium becomes the focus

The USD1 trading volume on the Raydium platform broke through $260 million in the past 24 hours, highlighting the market enthusiasm for new projects within the Solana ecosystem. As one of the most active DEXes on Solana, Raydium’s daily trading volume itself remains at the $500 million level. The fact that USD1’s single-asset trading volume can surpass $260 million indicates that this project is attracting significant market attention.

Market Signals Behind the Trading Volume Breakthrough

Data Benchmarking and Market Hotness

USD1’s trading volume reaching $260 million within 24 hours is a substantial figure in the Solana ecosystem. According to reference data, Raydium’s daily trading volume is approximately $510 million, with USD1’s single-asset trading volume accounting for over 50%. This concentration suggests that market interest in this project is indeed very high.

In comparison, another major DEX on Solana, Orca, has a daily trading volume of $390 million. USD1’s performance is already approaching Orca’s overall trading volume, which is a rare phenomenon in the Solana ecosystem.

Background of the USD1 Project

According to the latest news, USD1 has established official partnerships with worldlibertyfi and bonkfun, with the three parties engaging in deep cooperation through the Raydium platform. This collaboration has sparked considerable discussion within the community, with multiple influential accounts promoting this partnership.

As a new project, USD1 has achieved such trading volume and attention in a short period, closely related to the efforts of these partners.

Active Performance of the Solana DEX Ecosystem

On-Chain Data Reflecting Ecosystem Vitality

From a broader perspective, the breakthrough in USD1’s trading volume reflects the overall activity level of the Solana DEX ecosystem. According to the latest data, SOL’s price has increased by 1.59% in the past 24 hours, quoted at $136.62, with on-chain DEX trading activity remaining high.

Raydium and Orca, as the two main DEXes on Solana, have a combined daily trading volume approaching $900 million. This level of activity ranks second only to Ethereum among mainstream public chains. It demonstrates that Solana’s ecosystem still has strong capacity to attract trading flow.

The Importance of Stablecoin Trading Pairs

The information indicates that the APR and trading volume of Solana and stablecoin trading pairs on Raydium are both rising, suggesting that liquidity providers and traders are developing new interest in these trading pairs. The breakthrough in USD1’s trading volume may partly benefit from this trend.

Market Observation

From the phenomenon, USD1’s rapid rise more reflects community enthusiasm and cooperation effects rather than fundamental changes in the project itself. Such phenomena are common in the crypto market—new projects quickly gain trading volume through strategic partnerships and community promotion, but whether this enthusiasm can be sustained requires time to verify.

Whether USD1 can become a long-term project within the Solana ecosystem depends largely on its actual use cases and ecosystem development. Currently, this project is at the peak of market attention.

Summary

USD1’s trading volume on Raydium surpassing $260 million reflects the activity level of the Solana DEX ecosystem and market enthusiasm for new projects. This data indicates several points: first, trading flow on the Solana chain remains ample; second, new projects can quickly attract market attention through cooperation and community promotion; third, Raydium’s position as a mainstream DEX remains solid.

For investors, projects with such high trading volumes are worth paying attention to, but caution is needed regarding the difference between short-term hype and long-term value. Whether USD1 can maintain this enthusiasm going forward depends on continued ecosystem development and cooperation progress.