Solana’s decentralized trade (DEX) ecosystem noticed unprecedented exercise over the weekend, pushed by the launch of US President-elect Donald Trump’s official memecoin on the blockchain.
In accordance with DefiLlama information, Solana’s DEX quantity set consecutive all-time highs. It recorded $16.87 billion on Jan. 17, $28.28 billion on Jan. 18, and $27 billion on Jan. 19.
As of Jan. 20, the platform’s DEX buying and selling quantity stood at $27.6 billion.
These numbers mark a exceptional surge for a blockchain community and characterize about 10% of the day by day buying and selling quantity of NASDAQ, which averages over $300 billion.
These surges propelled Solana’s month-to-month buying and selling quantity to over $166 billion, the best in its historical past. Alongside this, DeFillama information reveals that the community generated greater than $35 million in charges as of Jan. 20.
In the meantime, the community’s success prolonged to its native token, SOL, which reached an all-time excessive of $275 on Jan. 19.
Mert Mumtaz, CEO of Helius Labs, famous that the numbers present how Solana is redefining market circumstances. In accordance with him:
“We’ve made insane progress. Solana DEXes are flipping conventional inventory exchanges, solana apps are inserting within the prime 10 of worldwide app shops, and literal presidents of whole nations are launching their tokens on solana.”
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