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Solana has witnessed a significant increase in on-chain volume and daily active addresses, surpassing 2 million based on the seven-day moving average. 
This increase was driven by the increasing flow of users interacting with decentralized applications (dapps) such as Raydium, Pump.Fun and Jito, which have emerged as leading fee generators on the network. 
<h2 id="raydium-pump-fun-and-jito-lead-solana-s-fee-generation-amid-surge-in-on-chain-activity">Raydium, Pump.Fun, and Jito Lead Solana's Fee Generation Amid Surge in On-Chain Activity</h2> 
Raydium has positioned itself as the top fee generator among Solana's dapps. The decentralized exchange (DEX) recorded an impressive $30 billion in trading volume in July, making it the second largest DEX by volume after Uniswap. 
As reported by DeFiLlama, Raydium's fee generation increased from $33 million in June to over $65 million in July. 
Meanwhile, Pump.Fun has benefited from the booming demand for memecoin trading. Since its launch in March 2024, the platform has facilitated the creation of more than 1.5 million memecoins, including political and celebrity-themed tokens. 
Related News: <a href="https://en.bitcoinsistemi.com/ethereum-overtaken-by-another-altcoin-in-trading-volume-for-the-second-time-after-bnb/" target="_blank" rel="dofollow">Ethereum Overtaken by Another Altcoin in Trading Volume for the Second Time After BNB</a> 
The user-friendly interface and low transaction costs on Solana have attracted a large number of new tokens on a weekly basis. In July, Pump.Fun generated over $28 million in fees, its highest monthly total since its founding. 
In the Maximal Extractable Value (MEV) space, Jito continues to dominate. Known for its off-chain blockchain auction system, Jito increases the reliability of transaction execution by allowing investors to submit transaction packages along with bids. 
MEV tips collected by validators using the Jito client reached nearly $36 million in July, a 26% increase from June. 
On July 28 alone, daily MEV tips rose to $3.2 million, marking the highest daily wage production in Solana for that day. 
These developments highlight the growing ecosystem on Solana, where dapps such as Raydium, Pump.Fun, and Jito play important roles in increasing user engagement and generating significant transaction fees. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/solana-trading-volume-has-experienced-a-significant-increase-in-the-last-7-days-heres-why/">Solana Trading Volume Has Experienced a Significant Increase in the Last 7 Days! Here's Why!</a>

Solana Trading Volume Has Experienced a Significant Increase in the Last 7 Days! Here's Why!

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