According to Defilama data, Solan has maintained its lead in decentralized exchange trading volumes for five consecutive months.
Solana (Sol) has maintained its lead in dex trading volume for five consecutive months. Defilage dataIn February, Solan Blockchain recorded a far ahead of BNB Chen (BNB), DEX trading volume of $ 105.85 billion, which finished second with a $ 84.25 billion trading volume during the same period.
This Solana Mem coin comes in the midst of an important recession in the market, most specially activity on the pump. Pump.fun, one of Solana’s largest driver in 2024A sharp decline has been observed, as it has been achieved on January 25 with a peak of $ 15.38 million due to its protocol fee fall in revenue by more than 90%. The token has launched on the pump. On March 1, more than 70,000 more than 20,000 falls to more than 20,000, more than 70,000 on 1 March more than 20,000 peaks. Tibba analytics,
Solana’s dominance is beyond the amount of Dex transactions, as this app also goes into revenue. With $ 280.32 million in the revenue of the app as February, Solan has improved BSc at $ 16.51 and Atherium at $ 59.02. Defilama,
“Solana’s low fees and higher throwput developers and users continue to attract its growing role in decentralized finance,” Tags Capital Said Earlier this month, when Solana’s Dex Volume exceeded $ 60 million and extended Solana’s four -month winning streak on Atherium (Ath).
