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VisitSolana Leads 24H DEX Volume with 42%, Outperforms Ethereum
Jul 30, 2024, 10:30 AM
Solana has achieved a record dominance in decentralized exchange (DEX) volume over the past 24 hours, accounting for over 42% of all DEX volume. This marks the second consecutive day Solana has outperformed Ethereum and Uniswap in daily fees and revenue generation. Solana's DEX volumes have spiked to 125% of Ethereum's, driven by the popularity of meme coin trading. Over the past 30 days, Solana has emerged as a leader in 24H DEX trading volume, indicating a potential long-term shift in its competition with Ethereum.
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Markets
Yes • 50%
No • 50%
Publicly available DEX volume data from platforms like CoinMarketCap and CoinGecko
No • 50%
Yes • 50%
Publicly available DEX volume data from platforms like CoinMarketCap and CoinGecko
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Yes • 50%
Publicly available financial reports from Solana and Ethereum or reputable financial analysis platforms
Uniswap • 25%
Solana • 25%
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Ethereum • 25%
Publicly available trading volume data from platforms like CoinMarketCap and CoinGecko
Other • 25%
Uniswap • 25%
Solana • 25%
Ethereum • 25%
Publicly available DEX volume data from platforms like CoinMarketCap and CoinGecko
Other • 25%
Solana • 25%
Ethereum • 25%
Uniswap • 25%
Publicly available DEX volume data from platforms like CoinMarketCap and CoinGecko