In the world of decentralized finance (DeFi), Thorchain has risen to third place in the decentralized exchange rankings with a $1.8 billion weekly trade volume. Solana's decentralized exchange (DEX) trading volume has surged by 54% to over $3 billion, marking a record high. Orca and Raydium, the top DEXs on Solana, have each grown by more than 70%. Additionally, Ethereum, Tron, and Binance Smart Chain collectively represent 92.5% of the total value locked (TVL) among the top Layer-1 blockchains. Solana's DEX volume has nearly reached 40% of Ethereum's over the past 24 hours, indicating potential for increased on-chain annual percentage rates (APRs) and attracting stablecoins from other chains. The attention on Solana suggests a promising future, potentially surpassing 2% of Ethereum's TVL in the next bull market.
For the amount of mindshare that Solana / $Sol has right now, it seems almost all but guaranteed that from an ecosystem-wide standpoint, that it stands to do a lot better than just staying at 2% of Ethereum's TVL into the next bull market. https://t.co/u0O1dKqc8A
According to a Nov. 20 post, a prominent cryptocurrency data aggregator, Ethereum, Tron, and Binance Smart Chain collectively constitute 92.5% of the TVL among the top Layer-1 blockchains https://t.co/vhEASG9CGq
Solana did nearly 40% of Ethereum's DEX volume over the past 24 hours. Watch for this volume to boost on-chain APRs, attracting stablecoins from other chains. https://t.co/XpZ3DjeUxC
According to DeFiLlama, Solana DEX trading volume increased 54% in the past week to more than $3 billion, once again hitting a record high, with top DEXs Orca and Raydium both growing by more than 70%. Solana is currently the third largest chain in terms of weekly transaction… https://t.co/PZ8VyEkedv
#DeFi's 30-Day Rise — TVL Increases by $9.3 Billion With @Rocket_Pool Leading the Pack https://t.co/1clINfwGTE
#Thorchain Rises to Third in Decentralized Exchange Rankings, Hits $1.8 Billion Weekly Trade Volume #DeFi https://t.co/MHGbfruSXl