In May, Solana captured 60% of new decentralized exchange (DEX) trading volume, becoming a major competitor to Ethereum. This surge is attributed to its architecture, similar to Apple's macOS, which integrates hardware and software for enhanced performance. Solana's ecosystem has become a preferred platform for new tokens, particularly memecoins. Data from Pantera Capital and DefiLlama highlights Solana's significant growth in DEX trading volume and market share, driven by its high throughput and low transaction costs.

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