BinanaceSeason
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Solana beats Ethereum in a key metric 3 months in a row
Solana’s continued doing well in December, as meme coins helped it gain market share against Ethereum and other blockchains.
According to DeFi Llama, Solana’s $SOL protocols in the decentralized exchange industry were the most active in December.
Its volume rose to over $97 billion, much higher than the $22.6 billion it handled in the same period last year.
Notably, it was the third consecutive month that Solana outperformed Ethereum $ETH , which has dominated the industry for years. Ethereum’s protocols had a volume of over $74 billion, while Base and Arbitrum handled $42 billion and $37 billion.
Solana also performed great in November, where its DEX networks had a volume of $129 billion, higher than Ethereum’s $70.6 billion. A month earlier, Solana handled volume of $52 billion, while Ethereum processed $41 billion.
Most of Solana’s DEX volume was because of Raydium $RAY , a network that handled coins worth $65 billion in the last 30 days. Orca handled $24 billion, while Lifinity, Pump, and Phoenix had volumes worth over $5.93 billion.
Solana’s DEX volume has jumped because of the meme coin industry, which has continued doing well this year. Solana has attracted thousands of meme coins this year, helped by the creation of Pump, the biggest token generator. All Solana meme coins have a market cap of over $14.1 billion, led by Bonk, Dogwifhat, Popcat, and Peanut the Squirrel.
This growth has been highly profitable for Solana and its native apps. All Solana native dApps generated a record $365 million in revenue in November, a record high. Similarly, according to TokenTerminal, Solana’s blockchain generated a record $725 million in fees in 2024, making it the third-most profitable chain after Ethereum and Tron.
Developers and users love Solana because of its substantially lower fees and higher throughput.
Base, the layer-2 network launched by Coinbase, has also been a big breakout star in 2024 as its total fees rose to over $82 million. It has become the biggest layer 2 network in the blockchain industry, with its DEX networks handling over $181 billion in assets, while its total value locked soared to $2 billion.
#BinanaceSeason #Share1BNBDaily
According to DeFi Llama, Solana’s $SOL protocols in the decentralized exchange industry were the most active in December.
Its volume rose to over $97 billion, much higher than the $22.6 billion it handled in the same period last year.
Notably, it was the third consecutive month that Solana outperformed Ethereum $ETH , which has dominated the industry for years. Ethereum’s protocols had a volume of over $74 billion, while Base and Arbitrum handled $42 billion and $37 billion.
Solana also performed great in November, where its DEX networks had a volume of $129 billion, higher than Ethereum’s $70.6 billion. A month earlier, Solana handled volume of $52 billion, while Ethereum processed $41 billion.
Most of Solana’s DEX volume was because of Raydium $RAY , a network that handled coins worth $65 billion in the last 30 days. Orca handled $24 billion, while Lifinity, Pump, and Phoenix had volumes worth over $5.93 billion.
Solana’s DEX volume has jumped because of the meme coin industry, which has continued doing well this year. Solana has attracted thousands of meme coins this year, helped by the creation of Pump, the biggest token generator. All Solana meme coins have a market cap of over $14.1 billion, led by Bonk, Dogwifhat, Popcat, and Peanut the Squirrel.
This growth has been highly profitable for Solana and its native apps. All Solana native dApps generated a record $365 million in revenue in November, a record high. Similarly, according to TokenTerminal, Solana’s blockchain generated a record $725 million in fees in 2024, making it the third-most profitable chain after Ethereum and Tron.
Developers and users love Solana because of its substantially lower fees and higher throughput.
Base, the layer-2 network launched by Coinbase, has also been a big breakout star in 2024 as its total fees rose to over $82 million. It has become the biggest layer 2 network in the blockchain industry, with its DEX networks handling over $181 billion in assets, while its total value locked soared to $2 billion.
#BinanaceSeason #Share1BNBDaily
#BinanaceSeason
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in Reward Hub and continue match words of day
#BinanaceSeason
Top crypto news highlights from recent days:
1. Bitcoin Price Surge: Bitcoin has reached a new milestone, topping $111,000 for the first time. This surge is accompanied by rises in Ethereum and Dogecoin prices as well. (Reported on 2025-05-22)
2. Stable Market Conditions: Both Bitcoin (BTC) and Ethereum (ETH) have remained stable over the past day, trading at $110,991 and $2,666, respectively. (Reported on 2025-05-23)
3. Political Developments: Former President Trump has been hosting top crypto investors, sparking discussions and concerns among industry leaders about his influence on the crypto market. (Reported on 2025-05-23)
These updates reflect significant movements and discussions within the cryptocurrency industry.
#TrumpTariffs
#ETHMarketWatch
#BTCBreaksATH110K
#GENIUSAct
$BTC
$ETH
$XRP
Top crypto news highlights from recent days:
1. Bitcoin Price Surge: Bitcoin has reached a new milestone, topping $111,000 for the first time. This surge is accompanied by rises in Ethereum and Dogecoin prices as well. (Reported on 2025-05-22)
2. Stable Market Conditions: Both Bitcoin (BTC) and Ethereum (ETH) have remained stable over the past day, trading at $110,991 and $2,666, respectively. (Reported on 2025-05-23)
3. Political Developments: Former President Trump has been hosting top crypto investors, sparking discussions and concerns among industry leaders about his influence on the crypto market. (Reported on 2025-05-23)
These updates reflect significant movements and discussions within the cryptocurrency industry.
#TrumpTariffs
#ETHMarketWatch
#BTCBreaksATH110K
#GENIUSAct
$BTC
$ETH
$XRP
#Write2Earn
#BinanaceSeason
For a long time, people found it really difficult to do cross-border transactions. What this basically means is sending and receiving money to or from someone who is in another country — outside your national borders.
I remember clearly, just about four years ago, before I even knew anything about Binance, sending money to my family members who were living abroad was such a struggle. It was not just the process, but the transaction fees were really high, and honestly, that discouraged me a lot.
But then, Binance was introduced to me by a friend. At first, I started using it only for trading crypto — just buying and selling. But after a while, I sat down and thought about it deeply. That’s when I realized that I could also use Binance for cross-border transactions.
So now it’s very easy. All you need to do is download the Binance app, get your account verified, and then make sure that your receiver or sender — who is in another country — also does the same.
Once that's done, you're good to go. You can easily buy some USDT and send it, or the other person can do the same.
Pls don’t forget to like and comment.
#NewsTrade #CrossBorderTransactions
#BinanaceSeason
For a long time, people found it really difficult to do cross-border transactions. What this basically means is sending and receiving money to or from someone who is in another country — outside your national borders.
I remember clearly, just about four years ago, before I even knew anything about Binance, sending money to my family members who were living abroad was such a struggle. It was not just the process, but the transaction fees were really high, and honestly, that discouraged me a lot.
But then, Binance was introduced to me by a friend. At first, I started using it only for trading crypto — just buying and selling. But after a while, I sat down and thought about it deeply. That’s when I realized that I could also use Binance for cross-border transactions.
So now it’s very easy. All you need to do is download the Binance app, get your account verified, and then make sure that your receiver or sender — who is in another country — also does the same.
Once that's done, you're good to go. You can easily buy some USDT and send it, or the other person can do the same.
Pls don’t forget to like and comment.
#NewsTrade #CrossBorderTransactions
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