In just one week, the trading volume of Solana DEX exchanges reached more than $two billion, and taking into consideration just three weeks of November 2023, it developed a new record with complete volume exceeding $four.seven billion.
Information from Wu Blockchain stated trading volume on the Solana system’s centralized DEX floors has hit a new record, growing 54% in the previous week to attain $three billion.
Trading volume of the ecosystem’s main DEXes like Orca and Raydium also noticed an maximize of much more than 70%, assisting Solana come to be the leading three chains with “huge” volume ($two.96 billion) this week. , right away behind Ethereum (9.87 billion). USD) and Arbitrum (USD four.33 billion).
According to DeFiLlama, Solana DEX trading volume enhanced 54% more than the previous week to surpass $three billion, when once again reaching a record substantial, with major DEXs Orca and Raydium the two up much more than 70%. Solana is at this time the third greatest chain in terms of weekly transactions…
— Wu Blockchain (@WuBlockchain) November 20, 2023
Data from DeFiLlama exhibits that Solana DEX’s complete trading volume in the most current week reached more than $two.9 billion, surpassing BSC Chain in terms of trading volume in the previous 24 hrs.
Token costs of main DEXs in the Solana (SOL) ecosystem this kind of as Raydium and Orca more than the final seven days have also enhanced by virtually twenty%.
In a context wherever the network is turning into lively, Solana’s Bonk (BONK) memecoin task also enhanced strongly by virtually one hundred% in seven days with transaction volume reaching more than $103 million in just 24 hrs. In unique, this task enhanced by 2477%, or 24 instances in the final month alone.
Speaking of price tag, Solana it performs much better than other main coins, specifically in current instances. The maximize in SOL more than the month and yr was 197% and 350%, respectively. At the time of creating, SOL is trading about the $60 mark, thanks to sizeable momentum from the new Solana Breakpoint 2023 updates and “kudos” from “stock tycoon” Cathie Wood. VanEck when predicted that SOL would attain $three,211 by 2030.
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