According to The Block's aggregated data, the craze triggered by Original Trump (TRUMP) has fueled the use of the Solana decentralized exchange (DEX).
Solana DEX's trading volume reached an unprecedented 268% compared to Ethereum in January, compared to only 53% in the same period last year. Solana handled $122 billion in trading volume compared to $45 billion for Ethereum.
Raydium leads the Solana ecosystem with $32 billion in weekly trading volume, followed by Orca with $17 billion. In comparison, Uniswap on Ethereum handled $20 billion in trading volume during the same period.
Solana's transaction processing efficiencies, reduced network downtime, a more user experience-focused DEX interface, integration of the Jupiter aggregator, and growing institutional infrastructure support are all contributing to Solana's growth momentum, according to analysts at The Block.
Solana DEX transaction volume exceeded Ethereum by 268% in January.
2025-01-22 22:11:08
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