VanEck: Solana DEX Volumes Surpass Ethereum’s Despite Drop in Meme Coin Trading

Description

According to VanEck’s February crypto report, Solana’s decentralized exchange (DEX) volumes have shown resilience despite declining meme coin trading. The report shows that Solana’s trading activity briefly surpassed that of the Ethereum ecosystem, including its Layer 1 (L1) and Layer 2 (L2) networks. Solana Maintains High Trading Activity VanEck’s analysts revealed that the price of Solana (SOL) increased by 191% in 2024, while its on-chain revenues grew by 700%. The blockchain’s low transactio...