In a dazzling display of trading prowess, Solana has burst into the week with some jaw-dropping news! For the very first time in its history, the monthly trading volume in Solana's decentralized exchange (DEX) ecosystem has skyrocketed past the $70 billion mark! Talk about making waves!
At the forefront of this trading tsunami, we have the key players like Raydium, Orca, and Lifinity, flexing their muscles and driving Solana's stats through the roof. Raydium, the superstar, hit a record $43 billion in trading volume over the past 30 days. Meanwhile, Orca, with $11.55 billion, and Lifinity, clocking in at $4.48 billion, also made their presence felt, even if they fell short of their all-time highs.
The excitement doesn't stop there! The trio also dominated the weekly charts, with Raydium pulling off a jaw-dropping $27.82 billion in the past seven days alone—a whopping 127% uptick. Orca and Lifinity weren't far behind, with impressive increases of 140% and 214%, respectively.
March was previously the golden month for Solana's DEXs, with volumes just shy of $60 billion, but they've now smashed that record. And let's not forget last week's impressive feat when Solana's daily volumes soared past $5 billion for three consecutive days—a first for the network!
Hold on to your hats because Solana also made a splash by out-trading Ethereum in the past 24 hours, boasting a staggering $6.24 billion in trading volume compared to Ethereum's $850 million. Raydium alone outshone Ethereum's top dog, Uniswap, with over $4 billion in daily trades.
And here's the cherry on top: Solana's meme coins are turning heads too! Dogwifhat (WIF) and Bonk (BONK) have strutted into the top 40 biggest cryptocurrencies by market cap, holding strong at #39 and #40, with values of $3.49 billion and $3.36 billion, respectively. It's safe to say Solana is on a roll and showing no signs of slowing down!
