The Solana Network has seen a significant increase in trading volumes over the last 24 hours due to the meme coin frenzy.
CoinGecko claims that Solana-based exchanges decentralised (DEXsThe trading volume of the last 24 hours was dominated by. Raydium was the top-ranked cryptocurrency, followed by Jupiter and Orca. Raydium volume was almost $2.2 billion during the last 24 hour period, nearly double what Orca’s. Uniswap V3 Ethereum.
Since nearly four months, the weekly DEX volume of Solana is increasing in comparison to Ethereum. Weekly DEX volumes on Solana are currently 29.4% of the weekly DEX volumes on Ethereum, down from 107% when December 2023 began.
There are also new tokens that have been added. Base The following are some examples of how to get started: Solana In recent months, the number of networks have increased dramatically. Base was responsible for more than half of tokens that were listed at DEXs in April, according to The Block. Solana was responsible for around 16,000 of the new tokens. The number of DEX tokens added to Base on April 8 was approximately 1,010, out of a total 1,650. This is one of the largest shares.
The excitement around the new meme coin has been driving interest in Base & Solana since December 2023. Every day thousands of tokens are added to Solana, and some have their prices inflated several times by traders.
Solana has low fees, making it the best blockchain for meme coin launches. Solana is typically required to be downloaded by users. wallet You can use it to make a difference. SOL Transaction tokens SOL prices almost doubled as a result of the meme coin trend at the start of 2018, surpassing $200 for the very first time since end 2021.
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Source: crypto.news