Solana Flips Ethereum in DEX Volume

According to data from DEX Screener, Solana (SOL) has once again surpassed Ethereum (ETH) in terms of trading volume.

Per the data, the total 24-hour trading volume across decentralized exchanges (DEXs) on Solana reached over $1.97B, while in Ethereum it reached $1.67B.

Raydium remains the largest and most active DEX by trading volume on the Solana ecosystem. According to DefiLlama data, the protocol has soared to $963M in total value locked.

Trading Beer in the Solana Network

The Solana memecoin sector has undoubtedly soared since the beginning of 2024, with new participants taking the ecosystem by storm, such as dogwifhat (WIF), and Bonk (BONK)

However, as the broader crypto market suffers a slight correction, the memecoin market on Solana has plunged to $7.6B, a 6.9% decline from yesterday.

However, BEER (BEER), a speculative memecoin, is the most traded token in Solana DEXs, accounting for over $160M in trading volume in the last 24 hours.

BEER, which has a market capitalization of over $285M, has witnessed massive volatility. In the last hour, the coin soared 18.2%.

Other tokens that soared in the 24-hour trading volume are popular memecoins are WIF and Mother Iggy (MOTHER), the new crypto token backed by the Australian artist Iggy Azalea.

The rapper recently introduced the MOTHER token into the Telecoms sector, as CryptoMode reported.

Close
Your custom text © Copyright 2024. All rights reserved.
Close