Solana DEX Activity Showing Sharp Decline

Source
Son Min

Summary

  • It reported that investor activity on Solana (SOL)-based decentralized exchanges (DEXs) has sharply decreased.
  • This month’s daily number of traders reached 900,000, down 81% from 4.8 million at the beginning of the year.
  • The daily DEX transaction count also recorded 28.8 million transactions, a 36% decrease from last month.

Investor activity on Solana (SOL)-based decentralized exchanges (DEXs) has fallen sharply.

On the 31st (local time), Satoshi Club said on X (formerly Twitter), "Investor activity on Solana-based DEXs has plummeted," adding, "The daily number of traders this month reached 900,000, a decrease of 81% from 4.8 million at the beginning of the year." It added, "The daily number of DEX transactions also recorded 28.8 million, a 36% decrease from last month's 45 million transactions."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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