According to a report from COINOTAG dated October 29, Solana has achieved a remarkable milestone by leading all blockchains in weekly decentralized exchange (DEX) trading volume for three consecutive weeks. Recent data from Defillama indicates that Solana recorded an impressive trading volume of $15.736 billion over the past week, which constitutes 27.7% of the overall trading activity across multiple blockchains. In contrast, Ethereum ranks second with a trading volume of $8.833 billion, representing 18.39% of the market. The Base Chain follows closely behind, securing third place with a trading volume of $7.314 billion, amounting to 17.66%. This ongoing trend highlights Solana’s growing dominance in the decentralized finance (DeFi) sector, further solidifying its position among leading blockchain platforms.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024