Solana Outpaces Ethereum In DeFi Activity As Monthly DEX Volume Surpasses $100 Billion

Quick Summary:

So far in November, Solana-based DEXes have recorded over $100 billion in trading volume, marking a major milestone for the ecosystem.

According to data from DefiLlama, the 30-day cumulative trading volume recorded by Solana DEXes stands at $116.51 billion.

Now, the layer-1 blockchain has achieved another milestone as Solana-based DEXes surpassed $100 billion for the first time in monthly trading volume.

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets: United Kingdom

Topics: Raydium Jito Altcoin DeFi Ethereum SOLUSDT DEX TVL Sol Jupiter Bitcoin dominance Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 04:00:11 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23871702

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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