November became a record month for trading volume on Solana
The Solana blockchain is demonstrating excellent results, according to DeFiLlama data, with trading volume on DEX exchanges on Solana exceeding the colossal mark of $100 billion for the first time in a month. In November, this figure reached nearly $110 billion.
As a result, Solana not only managed to surpass Ethereum in this metric but also showed twice the trading volume. The turnover on Ethereum in November amounted to $55 billion.
Activity on Solana's DEX platforms in November grew by more than 100%, as confirmed by Block Research data. Additionally, revenues from DEX platforms on Solana also increased.
Fees collected from popular exchanges, such as pump.fun and Raydium, amounted to $71.5 million and $182 million respectively.
Analysts suggest that by 2025, DEX trading volume will continue to grow rapidly and Solana will set new records, especially due to the increasing interest in meme coins.
