Solana-based DEX Trading Volume Dominates for a Second Day, Surpassing Ethereum and Base DEX

IconCryptoNewsTerminal Staff28 Jul, 2024

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Solana-based DEX Trading Volume Dominates for a Second Day, Surpassing Ethereum and Base DEX

Solana-based decentralized exchanges (DEXs) have witnessed exceptional growth, with their trading volume reaching remarkable heights for two consecutive days. As per data gathered by DeFiLlama, these DEXs collectively processed a staggering $1.993 billion in trading volume the previous day, solidifying their dominance in the decentralized finance (DeFi) landscape. This remarkable surge places Solana-based DEXs ahead of their Ethereum and Base counterparts by a significant margin. Ethereum DEXs recorded a trading volume of $981 million, while Base DEXs followed with $557 million. The sustained dominance of Solana-based DEXs highlights their competitive edge and the growing adoption of the Solana blockchain within the DeFi ecosystem.

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