#Solana transaction volume hits all-time high#
Hot Topic Overview
Overview
Solana's trading volume has been consistently rising in recent times, reaching a new all-time high. This month, Solana DEX trading volume has surpassed $158 billion, breaking the previous record of $140 billion set by BNB Chain in May 2021 and becoming the first blockchain to surpass $150 billion in monthly DEX trading volume. Additionally, Solana's daily trading volume has also been hitting new highs, recently reaching $56.5 million, more than double the previous all-time high of $27.2 million set in November last year. Although Solana's chain experiences congestion under high trading volume, its continuous growth in trading volume remains historically significant.
Ace Hot Topic Analysis
Analysis
Solana's trading volume has been steadily increasing recently, reaching an all-time high. According to data from Blockworks data analyst Dan Smith, Solana's daily trading volume has reached $56.5 million, more than double the previous all-time high of $27.2 million set in November last year. In addition, the monthly trading volume of Solana DEX has also surpassed $158 billion, breaking the record of $140 billion set by BNB Chain in May 2021. Solana is also the first blockchain to have a monthly DEX trading volume exceeding $150 billion, achieving this in just 20 days. Despite the surge in Solana's trading volume, its network is facing congestion issues, leading to increased transaction failure rates. Trading platforms such as Bybit are working to improve their Solana on-chain infrastructure to improve transaction success rates. The growth in Solana's trading volume is mainly driven by trading in Trump family tokens, which have reached a trading volume of $12 billion. The continued growth in Solana's trading volume indicates its increasing popularity in the DeFi and NFT space.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Solana DEX trading volume continues to hit new highs and break historical records.
Solana DEX trading volume has grown rapidly, exceeding $150 billion in just 20 days.
Congestion on the Solana chain has led to an increase in DEX transaction failure rates, but exchanges are working to improve infrastructure.
The growth of Solana DEX trading volume is related to the growth of trading volume of Trump family tokens.