The Solana ecosystem managed to surpass Ethereum in a first in July. This development has been fueled by great excitement, especially in the memecoin space.
In July, decentralized exchanges (DEXs) in the Solana ecosystem overtook Ethereum, long considered the DeFi leader, in terms of transaction volume. According to data provided by DeFiLlama, Solana's DEX volume surpassed Ethereum's transaction volume last month, a significant achievement. In July, protocols in the Solana ecosystem accounted for 30% of all crypto DEX volume, with Ethereum coming in second with 28.12%. Solana's exchanges in the DeFi ecosystem reached a total transaction volume of $56.849 billion, while Ethereum exchanges completed the month with $53.867 billion; This means a difference of over 5%.
Frank Mathis, CEO and co-founder of GenesysGo, stated that this trend is due to Solana positioning itself as a fun and user-friendly blockchain network. Recently, Solana has become a prominent platform for memecoin launches thanks to lower transaction costs. Mathis noted Solana's success in building community and bridging the gap between the developer and user community.
This development is quite remarkable, considering that Ethereum has been the undisputed king of DeFi for many years. The only other time Ethereum was surpassed in terms of transaction volume was by Binance Smart Chain (now known as BNB Chain) in 2021. This occurred in the midst of the BSC memecoin craze and is considered a key indicator of the current Solana surge. Mathis stated that memecoin projects are at the center of this cycle, and over time we will see whether this will have a positive or negative impact on the ecosystem in the long term.
âIf this trend continues, we will increasingly realize that the Ethereum ecosystem is approaching a significant turning point,â Mathis said. âThe Solana community has done a great job of making them feel like they are part of something big,â he commented.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
