Solana’s DeFi space is reviving amid the broadening market rally. 📈

- Solana’s decentralized exchanges (DEXs) have surpassed $5 billion in daily trading volume for three consecutive days, according to DeFiLlama data. This is the first time this has happened.

- Raydium led the way with a 62% share of this increase, while Orca contributed 22.2%, Lifinity 6.96%, and Phoenix 4.92%.

- According to a Syncracy Capital report, Solana’s economic value has reached 111% of Ethereum. This growth is supported by transaction fees and MEV tips.

- Solana’s DePIN sector is creating a more scalable network by covering infrastructure costs with crowdsourcing. 🚀