Solana Decentralized Exchanges Outperform Rivals with 210M Transactions
Monday, 20 May 2024, 11:03
What Drives Solana’s Success in DEX Transactions?
Solana's decentralized exchanges (DEXs) have significantly outperformed competitors, handling 210 million transactions in the last 30 days. The platform has become a frontrunner in the DeFi ecosystem, showcasing its efficiency and scalability in processing high transaction volumes.
Data from the Dune dashboard
- Solana had 210M transactions in 30 days, with competitors lagging far behind.
- Raydium, Whirlpool, and Meteora emerged as leading DEXs with impressive weekly trading volumes.
- meme coins and low-capitalization tokens played a significant role in contributing to the transaction numbers.
Solana's achievements extend to being the fastest blockchain, surpassing major competitors like Ethereum and Polygon in transaction speed.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.