November 27, 2023
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December 16, 2023
Foresight News reports Solana-based DEX trading volume at $1.475 billion in 24 hours, four times its total value locked (TVL).
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Solana DEX surpasses Ethereum DEX with $1.475 billion, exceeding Ethereum's $1.164 billion trading volume in the same period.
Image Credit: Cryptonews
Over the past week, Solana DEX traded approximately $6.429 billion, while Ethereum DEX recorded $8.607 billion in trading volume.
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Solana's DEX surge underscores the momentum of decentralized finance (DeFi) on high-performance blockchain networks.
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The substantial trading volumes signify accelerated user adoption of Solana-based decentralized exchanges, reflecting a shift in DeFi preferences.
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While Ethereum DEX still maintains substantial trading volume, Solana's rapid growth signals increasing competition in the decentralized exchange space.
Image Credit: Ethereum news
The contrasting trading volumes between Solana and Ethereum DEX platforms reflect evolving market dynamics and user preferences within the decentralized finance sector.
Image Credit: Cointelegraph