In November 2024, Solana achieved a record-breaking $109.8 billion in decentralized exchange (DEX) trading volume, significantly outpacing Ethereum's $55 billion for the same period. This 109% increase from October's $52.5 billion highlights Solana's rapid growth, driven by its user-friendly interface and low transaction fees. The network's success is attributed to a surge in meme coins, with platforms like Pump.fun and Raydium leading the charge. These platforms generated record revenues of $71.5 million and $182 million, respectively
#solbullish #solana #DEX