In the period from July 7 to July 14, 2024, the volume of trading on decentralized exchanges (DEX) on the Solana network was $13.3 billion, according to DeFiLlama. The blockchain has overtaken Ethereum in this indicator, writes Incrypted.
What is known
On the monthly chart, Solana is also in the leaders with an indicator of $25 billion. Ethereum is in second place — $23.3 billion, Binance Smart Chain (BSC) — in third place, $13.8 billion
Only in the last 24 hours, the volume of trading on decentralized exchanges in the Solana network amounted to $2.02 billion. The total volume of blocked assets (TVL) of these platforms reached $1.8 billion.
The leader among DEXs in this ecosystem is the Raydium exchange. Its TVL is almost $1 billion:
The increase in the indicator coincided with the general growth of activity in the network. The seven-day moving average (7DMA) of active addresses at Solana throughout July 2024 is within 1.5 million.
Despite some downward revisions, this is significantly higher than late April and early May 2024.
