Solana Defies Bearish December, DEX Trading Volume Surpasses $100B

Solana had a strong December despite the overall crypto market downturn. Its DEXs processed over $100 billion in volume for the second consecutive month, with Raydium ranking third overall.

Solana (SOL) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month.

With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in December, including Binance Smart Chain (BSC) and Ethereum (ETH), which recorded $91.444 billion and $84.168 billion, respectively, according to DefiLlama data.

In November, Solana also reigned supreme with $129.736 billion in DEX volume, well ahead of Ethereum’s $70.635 billion.

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