Solana has become the top blockchain for decentralized application revenue and decentralized exchange trading, data from DefiLlama shows. The network has handled $36 billion in DEX volume and made $30.93 million in app revenue every week.
Solana has generated $3.37 million in app revenue in the last day alone, more than doubling Ethereum’s earnings and outpacing rivals. BSC and Ethereum have been greatly outstripped by the $3.5 billion daily DEX volume on Solana.
Solana has generated over $123 billion in DEX trades and $148 million in app income over the past 30 days. This implies that the rise is a component of a larger trend rather than a fleeting point.
It is worth noting that meme currencies, liquid staking, and decentralized infrastructure initiatives have helped Solana become more stable. Solana was once lambasted for network disruptions. Applications are effectively monetizing services, as demonstrated by the substantial income.
If Solana maintains its prime position, it could force other networks and layer-2 solutions to lower costs and improve performance. The data positions Solana as the most active hub for on-chain finance in the current market cycle.
You need to login in order to Like
Leave a comment