The layer-1 network clocked nearly $3.8 billion in trading volume in the past 24 hours, according to DefiLlama.
The Solana network has surpassed Ethereum and Base combined in 24-hour decentralized exchange (DEX) trading volume, according to data from DefiLlama.
According to DefiLlama, daily trading volume across Solana-based DEXs neared $3.8 billion on Jan. 6, versus $1.7 billion for Ethereum and $1.2 billion for Base, Ethereum’s most popular layer-2 scaling network.
The rising trading volume reflects the Solana network’s increasing prominence in decentralized finance (DeFi) and its emergence as a serious challenger to Ethereum.
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