According to data compiled by venture capital firm Pantera Capital, more than 60% of the incremental volume of decentralized exchanges (DEX) in May occurred on the Solana blockchain, and Solana's share of DEX volume has risen from 0% in early 2021 to 24% in May 2024. The network's unique active addresses increased from 14,000 in October 2020 to nearly 1.30 million in May 2024.
Pantera's report attributes this to Solana's approach similar to Apple's macOS architecture, which integrates hardware and software for superior performance. According to Pantera, Solana's architecture has driven a surge in retail activity over the past few months, saying: "Solana's monolithic architecture has a product roadmap focused on optimising each component of its own blockchain, similar to Apple's approach to vertically integrating hardware and software stacks in macOS."
Data: More than 60% of incremental DEX transactions in May took place on the Solana blockchain
2024-06-20 21:41:19
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