Daily swap transactions on Solana spiked to 9.25 million on Christmas day.
Solana outperformed Ethereum in 7-day DEX volume.
Solana [SOL] vastly outperformed other blockchains in terms of decentralized finance (DeFi) activities lately.
Swaps on Solana surge
According to AMBCrypto’s analysis of Flipside’s statistics, daily swap transactions on Solana spiked to 9.25 million on Christmas day. In comparison, the bigger smart contracts network Ethereum [ETH] could only clock 135,000 transactions.
Source: Flipside
Crypto swap, as is well known, allows one to instantly trade one cryptocurrency for another, without the involvement of any crypto-to-fiat exchange. It has evolved into one of the most critical indicators of a protocol’s DeFi growth.
Solana’s high number of swaps reflected increased confidence and demand for its DeFi protocols, including decentralized exchanges (DEXes).
A peek at Solana’s DEX growth
Over the last week, Solana-based DEXes logged trades worth $10.74 bill
We współpracy z: https://ambcrypto.com/solana-takes-the-cake-on-these-fronts-as-it-outperforms-ethereum/
