BONK Drops 13% as Solana Ecosystem Benefits After Memecoin Frenzy

Meanwhile, trading volume on Solana-based decentralized exchange (DEX) applications remained high, with $1.44 billion worth of tokens traded over the past 24 hours. This accounts for 26% of the total DEX trading volume in the cryptocurrency space, which is higher than common players Ethereum, Arbitrum, and BNB Chain.