Solana continues to shine this December, gaining market share against Ethereum and other blockchains, thanks to the ever-growing meme coin craze! š
š Key Highlights:
DEX Dominance: Solana protocols in the decentralized exchange (DEX) sector hit a massive $97 billion in trading volume this December, compared to $22.6 billion last year.
For 3 consecutive months, Solana outpaced Ethereum, which managed $74 billion this December.
Top contributors include Raydium ($65B volume), Orca ($24B), and others like Lifinity and Phoenix.
š” Meme Coin Magic:
Meme coins played a big role in Solanaās growth, with the network attracting thousands of tokens. The total market cap for Solana-based meme coins is now over $14.1 billion, featuring stars like Bonk, Dogwifhat, and Popcat.
š° Revenue Records:
Solana's dApps generated $365M in revenue last month.
Total blockchain fees for 2024 reached $725M, making it the 3rd most profitable chain after Ethereum and Tron.
āØ Developers and users flock to Solana for its low fees and high throughput, reinforcing its position as a top blockchain contender.
Meanwhile, Base, Coinbaseās Layer-2 solution, also impressed with $181B in DEX volume and $82M in fees, further proving 2024 is the year of blockchain breakthroughs.
Which blockchain do you think will dominate next year ? Comments your thoughts š