Solana DEX Dominates Trading Volume Charts for Three Straight Days

IconCryptoNewsTerminal Staff19 Jul, 2024

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Solana DEX Dominates Trading Volume Charts for Three Straight Days

Solana's decentralized exchange (DEX) has emerged victorious, capturing the highest trading volume among all chains for three consecutive days. According to data from defilama, Solana DEX recorded a staggering $2.393 billion in trading volume the previous day, solidifying its position at the top. This remarkable performance has relegated Ethereum and Arbitrum DEX to second and third place, with trading volumes of $1.988 billion and $767 million, respectively. Solana's DEX has established itself as a formidable force in the cryptocurrency market, attracting traders and investors alike with its lightning-fast transaction speeds and low fees.