CandleFocus Solana’s DEX Volume Hits $100B as DeFi Growth Soars
2024-11-25
Author: Content Editor
Solana's decentralized exchange (DEX) volume has exceeded $100 billion in November, surpassing Ethereum's volume. Solana's scalability, memecoin activity, and low transaction fees have contributed to its daily trading volume of over $5 billion and 53 million daily transactions. The network has also seen an increase in active addresses, indicating an expanding user base. Token platforms like Pump.fun and Raydium have further contributed to Solana's growth. Solana (SOL) currently trades at $255.72, showing upward momentum. Technical indicators remain positive, suggesting continued growth for Solana and increased participation from institutional and retail investors.
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