©Reuters.
LONDON – Solana’s platforms, including Raydium and Orca, have recorded higher daily trading volume than Ethereum. Today, volume on Solana DEXs reached $1.447 billion, eclipsing Ethereum’s $1.282 billion in daily transactions.
The increase in volume is not an isolated event, but is part of Solana’s significant growth over the past year. Blockchain has seen a surge in the price of its native token, SOL, and a robust growth rate that has turned heads in the cryptocurrency industry. With a market capitalization now exceeding $50 billion, Solana has consolidated its position as a major player in the blockchain sector.
This milestone highlights Solana’s growing influence in the decentralized finance (DeFi) space, as it continues to attract users and developers with its fast and low-cost transactions.
This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.