$SOL

Look at this news about Solana, guys 🚀🚀

Solana sets record in trading volume on decentralized exchanges

During November, trading of the cryptocurrency on DEX recorded a 100% increase compared to October.

by CriptoIA November 25, 2024 Reading time: 3 minutes

The price of Solana broke historical highs last week. Source: Hessyz/Adobe Stock.

The price of Solana broke historical highs last week. Source: Hessyz/Adobe Stock.

Memecoins and low fees drove the increase.

The volume of Solana on DEX nearly doubles that of Ethereum in November.

So far in November, the trading volume of the cryptocurrency Solana (SOL) on decentralized exchange platforms (DEX) exceeded USD 100 billion for the first time, setting a new milestone for this network and digital currency.

According to data from DefiLlama, the fourth largest cryptocurrency in the market records a total of USD 116.591 billion in DEX trading volume as of November 25, almost doubling the monthly volume of the Ethereum mainnet, which is USD 61 billion. This figure reflects a significant increase for Solana of more than 100% compared to the volume in October, which was USD 52.5 billion.

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