The director of the assets, you said that the indexive exchange volumes in Solana are still competing with the full ecosystems system despite the sharp decrease in the activity of Mayquin trading.
In February, the Solana share of the total onhain DeX 43 %, briefly overcoming the joint DeX size of ETHEREUM and scaling networks 2,,, According to To the March 5 report by Vaneck.
They rejected about 30 % in March, a little less than the Ethereum Ecosystem class about 40 %.
“Despite the collapse of Mimikoin, Solana Dex sizes are still keeping – almost identical to the entire ECHE (L1 + L2S),” Matthew Sigge, Vannik head of research, He said In a post on the X.
DEX Ranking Market shares, Solana VS. Ethereum Ecosystem. source: You are
Related to: Solana Spike shorts in the mechanics scandals
Micoin disorder
The activity on the Solana network decreased in February after a series of mechanical scandals strained feelings between retail merchants.
‘[T]Its effect was severe, as Stablecoin-the backbone of the chain trading-(-80 %) of January levels decreased.
On February 14, the mesocons apparently have Argentine President Javier Millie, About $ 4.4 billion is erased In the market value within hours of launch.
Since January, merchants have lost about two billion dollars across 800,000 portfolios on Trump (Trump), the official Mimin of US President Donald Trump.
Memecoin, which is largely associated with the famous pump platform.
Launching the new distinctive code at pump.fun Low more than 80 % Since January. MEMECOINS BOOTSTRAP liquidity on pump.fun before graduating to Raydium, the most popular Dex in Solana.
As of March 6, Raydium has more than $ 1.3 billion in the total closed value (TVL), According to To Devilia.
“Solana was a prominent performer in the current encryption market cycle, with the high price of the distinguished code (+191 %), the series’s revenues (except for MEV) (+700 %), and increased Stablecoin supplies (+291 %) in 2024,” said Vanck.
“One of the largest drivers of Solana’s growth was the trading of Memecoin,” VANECK added, noting that Pump.fun has gave birth to more than $ 577 million as a fee within a little more than a year.
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