Solana DEX trading volume exceeded Ethereum by 268% in January
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Golden Finance reports that according to data compiled by The Block, the craze triggered by Original Trump (TRUMP) has boosted the usage of Solana decentralized exchange (DEX).
Solana DEX’s trading volume compared to Ethereum reached an unprecedented 268% in January, compared to only 53% in the same period last year. Solana processed $122 billion in transaction volume, compared to Ethereum’s $45 billion.
Among them, Raydium leads the Solana ecosystem with a weekly trading volume of US$32 billion, followed by Orca with a trading volume of US$17 billion. In comparison, Uniswap on Ethereum processed $20 billion in transaction volume during the same period.
Analysts at The Block said that the improved transaction processing efficiency of the Solana network, reduced network downtime, a DEX interface that focuses more on user experience, the integration of the Jupiter aggregator, and growing institutional infrastructure support have jointly promoted Solana’s growth. Growth momentum.