Solana DEX Trading Volume Surpasses Ethereum and Base Combined
Solana’s Decentralized Exchange (DEX) Sees Unprecedented Growth
According to recent data from DefiLlama, the 24-hour DEX transaction volume on the Solana chain has surpassed the combined volume of Ethereum and Base. This significant milestone was reached on January 7, with Solana’s DEX trading volume reaching an impressive $3.982 billion.
Ethereum and Base DEX Volumes Lag Behind
In contrast, the daily trading volume of DEX on Ethereum was $1.706 billion, while the daily trading volume of DEX on the Ethereum Layer 2 network Base was $1.207 billion. This notable disparity highlights Solana’s growing presence in the decentralized finance (DeFi) space.
What This Means for the Crypto Market
Solana’s surge in DEX trading volume is a testament to the blockchain’s scalability and efficiency. As the crypto market continues to evolve, it will be interesting to see how Solana’s growth impacts the overall landscape.
Conclusion
In summary, Solana’s DEX trading volume has surpassed the combined volume of Ethereum and Base, reaching an impressive $3.982 billion in 24 hours. This milestone underscores Solana’s growing influence in the DeFi space and highlights the blockchain’s potential for further growth.
Source: M.theblockbeats.info
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