Solana has maintained its dominance in decentralized exchange (DEX) volume for five consecutive months, generating $109 billion, which is 24% higher than Ethereum’s $88 billion. Key protocols like Raydium, Meteora, and Orca contributed significantly to this volume, while Solana’s app revenue reached $285 million, capturing 54% of the market.Despite a decline in its memecoin sector due to scams, overall trading volume remained robust, bolstered by stablecoin activity and a resurgence in DeFi. AI tokens like FLAME emerged as top gainers during this period.
about Solana DEXs Lead Market Despite Memecoin Decline and Scams