Dark pool trading platform HumidiFi reaches $34 billion in trading volume over the past month, becoming the largest DEX on Solana

BlockBeats News, on October 20, the dark pool trading platform HumidiFi has become the largest trading platform on the Solana chain, with a record transaction volume of $34 billion in the past month.

According to DefiLlama data, HumidiFi has surpassed the liquidity protocol Meteora, which has a transaction volume of $31 billion, and also outperformed the veteran Solana DEX Raydium (with a transaction volume of $21 billion). Just three months ago, the platform's average daily trading volume often struggled to exceed $100 million.

Dark pool trading platforms (also known as dark pool automated market makers or proprietary market makers) are a type of trading platform on the Solana blockchain that have surged in popularity in recent months. Unlike the largest decentralized exchange Uniswap, dark pool market makers operate in the background. They typically do not have official websites and do not allow users to provide liquidity to earn swap fees. These platforms often rely entirely on liquidity provided by their creators (usually anonymous) and only accept trades routed through aggregators such as Jupiter.

Although dark pool market makers are more transparent than centralized exchanges because all transactions are publicly viewable on-chain, they are less transparent in other aspects. Dark pool operators usually choose to remain anonymous, as they only interface with aggregators and do not directly serve traders. The HumidiFi development team remains anonymous to this day, although their X account activity suggests that their identities may be revealed soon.