In the period from July 7 to July 14, 2024, trading volume on decentralized exchanges (DEX) on the Solana network amounted to $13.3 billion, according to DeFiLlama. The blockchain has surpassed Ethereum in this indicator, writes Incrypted.
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What is known
On the monthly chart, Solana is also in the lead with $25 billion. Ethereum is in second place – $23.3 billion, Binance Smart Chain (BSC) is in third, $13 .8 billion
In the last 24 hours alone, trading volume on decentralized exchanges on the Solana network amounted to $2.02 billion. The total volume of locked assets (TVL) of these platforms reached $1.8 billion
The leader among DEXs in this ecosystem is the Raydium exchange. Its TVL is almost $1 billion:
The increase in the indicator coincided with a general increase in network activity. The seven-day moving average (7DMA) of active addresses in Solana for all of July 2024 is within 1.5 million people.
Despite some downward adjustments, this is significantly higher than the levels of late April and early May 2024.
- Cryptocurrency