Solana DEX Surges to $45.71 Billion in 24-Hour Trading Volume, Dominating the Market

According to data from DefiLlama as of May 15th, the Solana network has achieved remarkable results in the decentralized exchange (DEX) sector, registering a 24-hour trading volume of $45.71 billion. This impressive figure positions Solana at the forefront of all blockchain networks. Over the past week, the DEX trading volume on Solana surged to $275.15 billion, reflecting a substantial weekly increase of 48%. Market analysts attribute this growth to the rising popularity of decentralized finance (DeFi) on the Solana platform. The leading DEX protocols on Solana by market share are Raydium, Meteora, and Orca, each contributing significantly to this influx of trading activity. The ongoing enhancements in the Solana network’s infrastructure and its scalability solutions are expected to further solidify its position in the competitive DEX landscape.