DECENTRALIZED

Even Memcoin's collapse doesn't seem to have slowed Solana's five-month growth: according to DeFiLlama, Solana surpassed all other chains for the fifth consecutive month, generating the largest cryptocurrency trading volume on the Decentralized Exchange (DEX) at $109 billion.

Solana's monthly trading volume on DEX was 24% higher than the second largest #Ethereum #blockchain ($88 billion) and more than 300% higher than the third largest Arbitrum blockchain ($25 billion).
the majority of Solana's DEX trading volume was generated by leading protocols Raydium, Meteora and Orca, with Solana's primary automated market maker (AMM), Raydium, generating DEX volume of $41 billion, #decentralized exchange and liquidity provider Meteora generating about $25 billion, and DEX and AMM Orca generating about $22 billion.
However, when the DEX ethereum volume is combined with the DEX volumes of the top two tiers (Arbitrum, Base and OP Mainnet), the result is US$149.504 billion, making it the largest ecosystem in terms of trading activity.
#Solana According to Floor, Solana's app revenue also exceeded that of all other networks combined, accounting for 54% of the market and bringing in $285 million.
Last month, a series of fraudulent launches, including Libra, Melania and Trump, led to Solana According to CoinGecko, token prices fell more than 30% over the same period. There is no better evidence of this drop than the sharp decline in token launches
Pump. fun. according to Dune Analytics. The number of tokens issued (tokens that have reached a market value of $100,000) on the platform dropped significantly, from 24,008 in January to 11,906 in February.
the number of tokens launched per day also plummeted. Similarly, Pump. fun's total volume on a weekly basis is at levels previously seen in September 2024 and looks like death, said Nooman. eth.
Read us at: Compass Investments