Posted 12/22/2023, 7:01:07 PM
Solana Decentralized Exchanges See Record Volume, Driven by Meme Coins and DeFi Growth
- Solana DEX volume surpasses Ethereum's for the first time, hitting $1.5B in 24 hrs
- Meme coins like Bonk, Samoyed Coin, Dogwifhat driving frenzy of trading volume
- Solana has robust DeFi ecosystem beyond just hype, with protocols like Raydium
- Solana's speed and low fees better for traders compared to Ethereum
- Future looks bright for Solana DEX with development of DeFi and new meme coins, but market is volatile