Solana’s decentralized trade (DEX) ecosystem has achieved a record-breaking milestone, surpassing $200 billion in buying and selling quantity. This milestone represents the very best month-to-month quantity recorded throughout a single blockchain.
Information from DeFiLlama revealed that Solana’s DEXs recorded $202.7 billion in whole buying and selling quantity, greater than tripling Ethereum mainnet’s $63 billion for a similar interval.
This represents a 100% soar from Solana’s earlier report of $129 billion in November 2024 and cements the blockchain community’s almost 50% dominance of the sector.
Cody Poh from Pantera Capital famous that memecoins account for half of the DEX buying and selling quantity on Solana. The pattern has been additional amplified by US President Donald Trump‘s introduction of his memecoin on the blockchain community simply earlier than his inauguration.
Raydium, the main DEX on the blockchain community, has considerably benefited from this development. In accordance with DefiLlama knowledge, the platform accounts for greater than 45% of the ecosystem’s buying and selling quantity, facilitating roughly $90 billion in buying and selling actions this month.
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