Ethereum

Patrick

Solana

PancakeSwap

Solana has overtaken Ethereum in daily decentralized exchange (DEX) trading volume, according to recent data from DefiLlama. Solana-based DEXes reported $1.148 billion in daily trading volume, outpacing Ethereum’s $736.62 million.
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 BREAKING🚨 Solana just dethroned Ethereum in daily DEX trading volume. Solana ETF is also filed. Seems like the <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> summer is here👀 What coins on SOL is the next 100x?👇 <a href="https://t.co/pao6OKwX4z" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/pao6OKwX4z</a>— EvanLuthra.eth (@EvanLuthra) <a href="https://twitter.com/EvanLuthra/status/1807263287731761297?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 30, 2024</a>
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Several Solana platforms, including Raydium, Meteora, Orca, Phoenix, and Lifinity, now rank among the top 10 DEXes by daily trading volume. Uniswap and PancakeSwap continue to lead the market overall.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcZU3BbAo3FgDIRPfPdJBct-qWG8uSJz-aIA2A9sgrzslrvXgXsVhJAEhPWxTu8V3O0T_XHz777kl5JpBiOANT8uijwvlUXcsPd6vOgQ56jQbuIaA7t67bEoSQ8L4Xd9eZHPRDTByZKHSoPzWldAR_GyYDX?key=TMCj9LYUPeqmjc_YBmDXBQ" alt="AD 4nXcZU3BbAo3FgDIRPfPdJBct qWG8uSJz">
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 Image Source: <a href="https://defillama.com/dexs" target="_blank" rel="noopener noreferrer nofollow">Defillama</a>
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Patrick Scott, founder of Dynamo DeFi, reports that Solana’s DEX volume dominance is approaching 25% for the first time this June. This increase is partly attributed to the popularity of meme coins on the Solana network earlier this year.
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 Solana’s DEX volume dominance (red) is still rising, on track to break 25% for the first time ever this month. <a href="https://t.co/swUUJbG7Ad" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/swUUJbG7Ad</a>— Patrick Scott | Dynamo DeFi (@Dynamo_Patrick) <a href="https://twitter.com/Dynamo_Patrick/status/1806818365593256415?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 28, 2024</a>
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Despite the recent trading volume success, Solana’s price has experienced a slight 0.5% decrease over the last 24 hours. According to <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, Solana currently holds the fifth position in cryptocurrency market capitalization at $65.2 billion, following Bitcoin, Ethereum, Tether, and BNB.
The total DEX volume across all platforms reached $26 billion in the past seven days, according to <a href="https://dune.com/hagaetc/dex-metrics" target="_blank" rel="noopener noreferrer nofollow">Dune Analytics</a>, underscoring the growing importance of decentralized trading in the crypto ecosystem.
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 Also Read: <a href="https://www.cryptotimes.io/2024/06/30/floki-inu-alerts-users-to-fake-tokens-on-solana-and-base/" rel="noopener noreferrer nofollow">Floki Inu Alerts Users to Fake Tokens on Solana and Base</a>
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Solana Surpasses Ethereum in Daily DEX Trading Volume

The Crypto Times

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