Solana Leads 24-Hour DEX Volume With $4.15 Billion
Summary
- Solana ranked first in 24-hour DEX trading volume with $4.15 billion.
- According to Cointelegraph, Solana was followed by BNB Chain and Robinhood Chain in the 24-hour DEX trading volume rankings.
- The market is watching whether DEX liquidity competition among Solana, BNB Chain and Robinhood Chain will continue as demand for memecoins and on-chain trading persists.
Forecast Trend Report by Period
Solana posted the highest 24-hour decentralized exchange, or DEX, trading volume among blockchain networks.
Cointelegraph wrote on X on July 14 that Solana ranked first with $4.15 billion in 24-hour DEX volume.
A DEX is trading infrastructure that allows users to swap tokens directly on a blockchain without going through a centralized exchange.
Cointelegraph said BNB Chain and Robinhood Chain trailed Solana in the 24-hour DEX volume rankings.
Robinhood Chain had previously drawn market attention after reports that it had surpassed Solana in daily DEX trading volume. In the latest tally, however, Solana returned to the top spot.
Market participants are watching whether competition for DEX liquidity among Solana, BNB Chain and Robinhood Chain will continue as demand for memecoins and on-chain trading persists.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.