Solana Ecosystem DEX Meteora's January trading volume reached $33 billion, a 33-fold increase from the previous month

Odaily Planet Daily News Solana Ecological Liquidity Platform Meteora achieved unprecedented growth in January. Its trading volume was $33 billion, a 33-fold increase from $990 million in December last year. The DEX currently accounts for about 9% of the total market share, ranking among the top five DEXs in the world. The current trading volume far exceeds Meteora's previous record of $4.5 billion, marking the protocol's entry into a new stage of unprecedented growth. The surge in trading volume reflects the broader momentum of the Solana DeFi ecosystem.

Currently, three of the top five DEXs run on Solana, highlighting the growth of the network in the past few weeks. Trump-related token transactions have maintained significant activity, contributing nearly $300 million in 24-hour trading volume. However, its momentum has now cooled, and the SOL/USDC trading pair has regained the platform's lead with a 24-hour trading volume of $182 million. Solana remains the preferred chain for issuing new coins, with 96% of new coins issued on Solana. (The Block)