Solana’s Dominance in DEX Industry
Solana has surpassed Ethereum in the decentralized exchange industry with its DEX networks handling over $845 million in the last 24 hours, bringing the weekly volume to $5.17 billion. This marks a significant milestone for Solana, showcasing its increasing dominance in the market.
Solana’s Stellar Performance
Solana’s performance in March was exceptional as it handled cryptocurrencies worth $60 billion, making it the best month for the platform. In July, Solana continued its impressive run by processing coins worth $56 billion, outpacing Ethereum which handled coins worth $52 billion. This demonstrates Solana’s consistent growth and popularity in the crypto space.
Solana’s Rise in NFT Industry
In addition to its success in the DEX market, Solana has also witnessed a strong comeback in the non-fungible token industry. Data shows that Solana NFTs saw a significant increase of over 35% in the last seven days, reaching a total value of $16.7 million. The platform has experienced a surge in buyer numbers and the most popular NFT collections include Sorare, DeGods, and Solana Monkey Business. This resurgence in the NFT sector further solidifies Solana’s position as a leading player in the crypto market.
