**Solana DeFi: Getting More Awesome, Getting More Exciting! 🚀**
- Solana DeFi is showing off! For the third consecutive day, the daily trading volume on the Solana decentralized exchange has exceeded $5 billion. This is the first time Solana has achieved this feat!
- The week of November 10-16, the total trading volume of Solana DEXs reached $16 billion. Raydium was the main star with a contribution of 62% of the total volume. Orca, Lifinity, and Phoenix also enlivened the stage.
- Syncracy Capital's report shows that Solana is quickly catching up to Ethereum. Solana's real economic value soared to 111% of Ethereum's in October, up from 1% last year. Applications on the Solana network are also increasingly profitable!
- Solana is becoming a new home for retail financial activities, with meme coin trading becoming the prima donna. Similar to Ethereum's DeFi boom in 2020.
- Solana's DePIN is also growing rapidly, with projects like Hivemapper and Helium shaking up the world!
Comment below, what do you think about Solana?