Ethereum

Solana

DeFi

Time

<ul class="news-points">
 <li>Solana’s onchain DEX transaction volume suppressed that of Ethereum.</li>
 <li>Solana’s transaction volume spiked to $2.395 billion last Monday.</li>
 <li>Raydium, Orca, Meteora, Phoenix, and Lifinity are the top five solutions on Solana.</li>
</ul>
According to data from DeFiLlama, the leading DeFi data aggregator, Solana’s on-chain DEX <a href="https://defillama.com/dexs/chains" target="_blank" rel="noopener noreferrer nofollow">transaction volume surpassed</a> that of Ethereum for the first time on Monday, July 8, 2024. Solana’s transaction volume spiked to $2.395 billion, outpacing Ethereum’s $2.177 billion.
On a weekly basis, Solana’s DEX transaction volume reached $14.012 billion, topping Ethereum’s $13.842 billion. Solana solidified its recent dominance by posting a 93.92% increase in transaction volume compared to Ethereum’s 40.03% increase.
Although Solana has made significant gains, Ethereum remains the dominant player in total value locked (TVL). DeFiLlama’s data shows Ethereum’s TVL is over four times that of Solana, with $7.113 billion compared to $1.722 billion.
Ethereum has experienced significant growth recently, fueled by numerous decentralized projects adopting the scalability-focused blockchain. Among the various solutions running on Solana, Raydium stands o…
The post <a href="https://coinedition.com/solana-flips-ethereum-surpasses-dex-volume-for-first-time/" rel="noopener noreferrer nofollow">Solana Flips Ethereum: Surpasses DEX Volume for First Time</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Solana Flips Ethereum: Surpasses DEX Volume for First Time

Coin Edition

Inne artykuły opublikowane 10 lip 2024

Avalanche (AVAX) Price Teases Breakout: Momentum Could Drive More Upsides

Bitcoin (BTC) and Ethereum (ETH) Statement from the President of the Central Bank of Italy!

Jupiter DEX proposes an “everything market” on the Solana platform

Goldman Sachs to Launch 3 Tokenization Projects in 2024

Brett Price Prediction: Can it Hit $1 in 2024?

Arbitrum’s ARB Token Plummets

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!