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Over the past week, Solana's average daily DEX transaction volume has remained above 6 billion US dollars, accounting for 45% of the market share

Over the past week, Solana's average daily DEX transaction volume has remained above 6 billion US dollars, accounting for 45% of the market share

Bitget2024/11/24 08:46
SOL-1.63%BNB+0.72%

On November 24, according to DefiLlama data, the average daily DEX trading volume on Solana over the past week remained above $6 billion, accounting for 45% of the entire market. Apart from Solana, all other blockchains in the top ten saw a significant decrease in DEX trading volume. In addition, the total value locked (TVL) on the Solana network reached $9.2 billion, giving it a 73% advantage over BNB Chain which holds assets worth $5.3 billion.

According to another report by DappRadar, there were 29.3 million unique active addresses interacting with DApps on Solana over the past seven days. In comparison, Near had 9.6 million addresses; opBNB had 7.8 million addresses; and Base had 4.6 million addresses respectively.
The SOL futures funding rate peaked at around 4.2% on November 22nd and has been stable at about 2.4% per month for long positions - slightly higher than neutral point.(Cointelegraph)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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