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In December, decentralized exchanges operating on the Solana blockchain collectively generated a total volume of $28 billion.
The robust performance of the Solana decentralized exchange (DEX) ecosystem, comprised of various platforms, contributed significantly to the blockchain's success last month.
Raydium, the leading DEX on Solana, reported a weekly decline of 42.6%, with a 24-hour volume totaling $224.1 million and a seven-day volume reaching $2.4 billion. Despite the weekly dip, Raydium maintained its dominance, accounting for 41.1% of the overall cumulative volume, which amounted to $53.6 billion.
Orca and Lifinity secured the second and third positions, with weekly declines of 19.7% and 11.7%, respectively. Orca achieved a 24-hour volume of $209 million and a seven-day volume of $2.6 billion, while Lifinity reported a 24-hour volume of $47.1 million and a seven-day volume of $824.2 million.
Mango Markets displayed a distinctive trend with a positive weekly change of 17.6%, boasting a 24-hour volume of $9.5 million and a seven-day volume of $332.7 million. Other platforms such as Drift, OpenBook, Crema Finance, Saber, Penguin, Aldrin, Saros, Serum, and Synthetify also played roles in the monthly rise of Solana's DEX.$SOL
The robust performance of the Solana decentralized exchange (DEX) ecosystem, comprised of various platforms, contributed significantly to the blockchain's success last month.
Raydium, the leading DEX on Solana, reported a weekly decline of 42.6%, with a 24-hour volume totaling $224.1 million and a seven-day volume reaching $2.4 billion. Despite the weekly dip, Raydium maintained its dominance, accounting for 41.1% of the overall cumulative volume, which amounted to $53.6 billion.
Orca and Lifinity secured the second and third positions, with weekly declines of 19.7% and 11.7%, respectively. Orca achieved a 24-hour volume of $209 million and a seven-day volume of $2.6 billion, while Lifinity reported a 24-hour volume of $47.1 million and a seven-day volume of $824.2 million.
Mango Markets displayed a distinctive trend with a positive weekly change of 17.6%, boasting a 24-hour volume of $9.5 million and a seven-day volume of $332.7 million. Other platforms such as Drift, OpenBook, Crema Finance, Saber, Penguin, Aldrin, Saros, Serum, and Synthetify also played roles in the monthly rise of Solana's DEX.$SOL
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