Solana’s Weekly DEX Volume Surpasses $11B, Hitting Record High
Solana-based decentralized exchanges (DEXs) witnessed a record-breaking week.
Orca and Raydium emerged as the highest contributors to this surge, boasting buying and selling volumes of $4.5 billion and $3.52 billion, respectively, prior to now seven days. Each platforms have skilled a greater than 100% enhance in exercise in comparison with two weeks in the past.
Whereas the buying and selling quantity on Solana DEXs is spectacular, it is necessary to notice that the overall worth locked (TVL) inside the Solana ecosystem stays significantly decrease than its all-time excessive. Presently, the TVL sits at round $2.6 billion, in keeping with DeFi Llama, considerably lower than the $9.9 billion peak reached in November 2021.
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