Solana's monthly DEX trading volume surpasses $100 billion for the first time

For the first time in history, the monthly trading volume on Solana's decentralized exchanges (DEX) has exceeded the $100 billion mark, now reaching $109.8 billion as of November 2024. This is a significant milestone, indicating the robust growth of Solana in the decentralized finance (DeFi) space, reflecting the increasing interest from users and developers towards this network. This growth not only demonstrates the benefits of transaction speed and low costs that Solana offers but also highlights its great potential in attracting more projects to the ecosystem. The rise in trading activity on Solana's DEX also indicates an expanding trend in the DeFi sector, allowing users to have better control compared to traditional financial systems.