Dark Pool Trading Platform HumidiFi has reached a trading volume of $34 billion in the past month, becoming the largest DEX on Solana

October 20th On-chain dark pool trading platform HumidiFi has emerged as the largest on Solana, setting a record of handling a trading volume of $34 billion within the past month. According to DefiLlama data, HumidiFi has surpassed the $31 billion liquidity protocol Meteora in terms of trading volume and has also outperformed Solana's flagship DEX Raydium ($21 billion). Just three months ago, the daily trading volume of this platform was barely able to break through $1 billion. Dark pool trading platforms (also known as dark pool automated market makers or proprietary market makers) are a kind of trading platform on the Solana blockchain that has witnessed a surge in popularity in recent months. In contrast to the largest decentralized exchange Uniswap, dark pool market makers operate behind the scenes. They usually do not have an official website and do not permit users to provide liquidity to earn exchange fees. These platforms often rely entirely on the liquidity provided by their creators (often remaining anonymous) and only accept trades routed through aggregators like Jupiter. Although dark pool market makers are more transparent than centralized exchanges as all trades are publicly visible on-chain, they have lower transparency in other aspects. Dark pool operators typically choose to remain anonymous as they only interact with aggregators and not directly with traders. To this day, the development team behind HumidiFi remains anonymous, although activities on its X account indicate that their identity may be disclosed soon.