Decentralized finance (DeFi) is a lively and competitive ecosystem moving billions of dollars daily in decentralized exchanges (DEX).
Notably, Solana (SOL) recently dethroned Ethereum (ETH) in the 24-hour DEX volume, according to data from DefiLlama on February 1. The two competitors have been fighting a long battle to attract traders and investors in the past years.
In particular, Solana shined with a weekly volume increase of 15.34%, while Ethereum lost 12.44% of its own. Nevertheless, SOL’s ecosystem is still behind the second-largest cryptocurrency in the 7-day DEX volume despite the recent surge.
Solana has registered $5.518 billion DEX volume in the last seven days, while Ethereum leads with $7.971 billion. However, SOL surpassed ETH in the daily volume with $1.461 billion against $1.443 billion of the latter.
DEX volume by chain. Source: DefiLlama
Orca leads Solana’s DEX volume
The protagonist in this accomplishment is Orca (ORCA), Solana’s leading decentralized exchange.
We współpracy z: https://finbold.com/solana-dex-volume-skyrockets-over-1-billion-sol-rally-imminent/
