Solana

Raydium

Base

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The decentralized exchange ecosystem of Solana (SOL), a high-performance L1 blockchain, scores new milestones. In 2024, the network registered amazing TVL growth as well as notable upsurge of the native SOL coin price.
<h2 id="solana-sol-dex-market-share-hits-new-all-time-high">Solana (SOL) DEX market share hits new all-time high</h2>
The new historic milestone was registered by decentralized exchanges (DEXes) on Solana (SOL) blockchain. As noticed by Solana Floor platform, Solana's (SOL) dominance in the DEX trading volume metric hit a new all-time high. As of July 21, 2024, 36% of aggregated DEX trading volume is processed by Solana (SOL).
<blockquote>
 🚨BREAKING: On July 21st, Solana's DEX volume dominance across all blockchains reached a new All-Time High, with 36% of the total market share. <a href="https://t.co/V4ib30uSC7">pic.twitter.com/V4ib30uSC7</a>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1815380100449177658?ref_src=twsrc%5Etfw">July 22, 2024</a>
</blockquote> 
To provide context, Solana's (SOL) key rival, Ethereum (ETH), sees its dominance sitting at 23%, while Binance's BNB Smart Chain is responsible for 11.3%.
Three other mainstream blockchains, Arbitrum (ARB), Base (BASE) and Avalanche (AVAX) combined, are responsible for 20% of DEX trading volume.
Thorchain (THOR), Optimism (OP), Polygon (MATIC) and Blast (BLAST) are also ranked in the top league by this parameter.
Raydium (RAY) and Orca (ORCA) are the most popular DEXes on Solana (SOL) blockchain. Raydium (RAY) managed to increase its TVL by 20% in the last seven days, DefiLlama's data says.
Solana's (SOL) price is up by 600% in the past year: the token is trying to stay above the $180 level as of printing time.
<h2 id="solana-sol-tvl-is-up-300-ytd">Solana (SOL) TVL is up 300% YTD</h2>
As covered by U.Today previously, Solana (SOL) activated a number of critical tech upgrades in recent months. For instance, it implements ZK Compression to significantly advance the performance and speed of transactions.
As explained by Helius CEO Mert Mumtaz, the aggregated boost might bring a 10,000x increase of crucial blockchain metrics.
Besides that, Solana (SOL) is experiencing parabolic TVL growth. Since Jan. 1, 2024, the net TVL of Solana's dApps rocketed from $1.43 billion to $5.83 billion.

Solana's DEX Volume Share Hits New High

목차

U_Today

2024년 7월 22일에 게재된 다른 기사

Where Bitcoin is headed this week

Secret Ripple Settlement Meeting with SEC in XRP Case Moved to July 25th – Price Pump Incoming?

Cryptocurrency Trends Shape Global Investments

DOGE Price: What To Do As Dogecoin Bulls Chase $0.2

Analyst explains how Democrats can regain crypto support following Biden exit

Bitcoin (BTC) And Ethereum (ETH) See Double-Digit Weekly Gains Despite Slight Dip And Crudo Proto...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!