Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Solana leads the way with $115 billion in DEX trading volume in November.
ALTCOIN NEWS

Solana leads the way with $115 billion in DEX trading volume in November.

By Crypto FlexsNovember 27, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana leads the way with 5 billion in DEX trading volume in November.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Solana reaches DEX volume milestone.
  • Overtakes Ethereum and BSC.
  • Memecoin drives network traffic.

Decentralized finance (DeF) has seen significant growth over the past few years. This year, Solana has significantly increased its dominance. Thanks to its influence in the memecoin market, Solana has slowly overtaken other networks in this metric.

According to the latest data, Solana has reached an important milestone. For the first time in a decentralized exchange, network size surpassed $100 billion. Solana’s DEX traffic now exceeds that of all Ethereum and L2 combined.

Solana Breaks Record with DEX Trading Volume of $115 Billion

Memecoin is once again putting Solana in the spotlight. On November 26th, Solana Network recorded record DEX trading volume. Monthly DEX trading volume exceeded $115 billion, with Solana ahead of Ethereum and BSC.

Monthly DEX trading volume by chain
Source: DefilLama

In comparison, Ethereum’s DEX trading volume as of November was $55.4 billion. Additionally, Solana’s volume was higher than that of Ethereum and all Level 2 scaling networks combined. Trading volume on Ethereum, Base, Arbitrum and other L2 DEXs is only $91.99 billion so far this month.

What’s behind Solana’s DEX dominance?

A major driver of Solana’s DEX trading volume was the growth of memecoins. Solana-based memecoins such as BONK, dogwifhat, Popcat, and PNUT have attracted billions of dollars in transactions. Both retail investors and bots are attracting significant liquidity to Solana.

A major contributor to Solana’s memecoin dominance is Pump.fun. This platform makes memecoin creation easier than ever, driving a lot of traffic. In September, Pump.fun achieved $100 million in revenue, proving the interest of traders.

Despite this, Solana lags behind Ethereum in terms of Total Value Locked (TVL), which represents the value of all assets on the chain. Solana has a TVL of $8.7 billion compared to Ethereum’s $63.9 billion.

On the flip side

  • Solana’s exposure to memecoins also carries risks. If the volatile memecoin market declines, Solana may face the following problems: network stability.
  • Solana Network is continued criticism About the assumed centralization.

Why This Matters

DEX dominance is a key indicator of ecosystem strength. If Solana keeps this up, it is in a strong position to grow.

Learn more about the Memecoin market:
Memecoins are “getting a little weird,” CZ warned.

Find out more about Pump.fun news:
How a Trading Bot Made $6.8 Million from Pump.fun Memecoins

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025

SUI PASSESS votes for CETUS $ 162 million

June 1, 2025

Cronos

June 1, 2025
Add A Comment

Comments are closed.

Recent Posts

The top five Cryptocurrencies to be careful in the short term

June 1, 2025

Bitmex finds a cyber security lab in the North Korean hacker group.

June 1, 2025

2025 Bitcoin: Main Highlights and Strategic Presents

June 1, 2025

The boring APE NFT Maker sells Moonbirds IP to the Orange Cap Game.

June 1, 2025

Binance’s average orders for Ether Leeum recorded a level in 2023.

June 1, 2025

NVIDIA NIM improves SQL inferences between text in Vanna for improved analysis.

June 1, 2025

Destino Devconnect-Local subsidy round that brings Argentina Onchain

June 1, 2025

SUI PASSESS votes for CETUS $ 162 million

June 1, 2025

Github University 2025 emphasizes AI -based development and community buildings

June 1, 2025

Upgrade to improve the BTFS V4.0 upgrade network and improve the BTTC ecosystem

June 1, 2025

Ether Leeum price is faced with light correction -focus of support level

June 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The top five Cryptocurrencies to be careful in the short term

June 1, 2025

Bitmex finds a cyber security lab in the North Korean hacker group.

June 1, 2025

2025 Bitcoin: Main Highlights and Strategic Presents

June 1, 2025
Most Popular

MetaWin Founder Launches $ROCKY Meme Coin on Native Network – Blockchain News, Opinion, TV & Jobs

April 30, 2024

Bitfinex Alpha | ETF flows continue while speculation about dogs, cats and AI tokens grows.

March 11, 2024

ASIC appeals Federal Court ruling over Finder Wallet’s “earnings” product

April 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.