Solana’s DEX Volume Hits $100B as DeFi Growth Soars

Quick Summary:

Solana has achieved a major milestone as its decentralized exchange (DEX) volume surpassed $100 billion in November.

According to DefiLlama, Solana recorded $109.8 billion in DEX trading volume, doubling Ethereum’s $55 billion.

The network also posted a remarkable 100% increase from October’s $52.5 billion, showcasing its dominance in DeFi.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: DEX Altcoin News Solana SOL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 10:51:17 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23832797

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 25 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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