Solana is seeing a resurgence in decentralized finance (DeFi) amid the market boom. According to DeFiLlama, Solana’s decentralized exchanges (DEXs) have hit a new milestone with daily trading volume surpassing $5 billion for three consecutive days.

During the week of November 10-16, Solana DEXs totaled around $16 billion in trading volume. Raydium led the way with 62% of total volume, followed by Orca with 22.2%, Lifinity and Phoenix with 6.96% and 4.92%, respectively.

A report from Syncracy Capital shows that Solana is quickly catching up to Ethereum, with its real economic value soaring 111% compared to Ethereum in October. This was driven by transaction fees and MEV tips.

In addition to DeFi, Solana's DePIN sector is also thriving, with projects like Hivemapper and Helium creating more efficient networks. 🚀