The DEX trading volume ratio reached a record 136%. This unexpected surge may indicate that the DEX ecosystem on Solana is outpacing the Ethereum ecosystem in terms of trading activity.
The dramatic increase in trading volume on DEX on #Solana is complemented by a sharp increase in the number of weekly active addresses, which has already reached 2 million. This indicates a significant influx of users into the Solana ecosystem.
the leader is #Raydium , one of the largest DEXs on the network, which reported an impressive $24 billion in transaction volume, indicating that the majority of Solana's DEX activity is centered on one platform. Several factors have contributed to the explosion of DEX activity on Solana, with the surge in new tokens playing a key role.
Every week, tens of thousands of new coins are launched on Solana, many of them Mimcoins. This flood of new tokens stimulates significant trading activity as speculators chase the next potential moonshot.
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