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: Role in BONK, WIF, and DEX Volumes
ALTCOIN NEWS

Solana: Role in BONK, WIF, and DEX Volumes

By Crypto FlexsMarch 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana: Role in BONK, WIF, and DEX Volumes
Share
Facebook Twitter LinkedIn Pinterest Email
  • The number of daily active wallets has increased by 37% year to date.
  • Solana’s DEX trading volume nearly doubled during the week.

The popular smart contract blockchain Solana (SOL) has been experiencing active network participation since early March.

Solana has seen a surge in active wallets.

Analysis of AMBCrypto’s Step Finance dashboard shows that the number of daily active wallets is up 37% year to date, with 794.9K on March 7 the second-highest figure of 2024.

Solana Unique Wallet Increase

Source: Step Finance

A unique active wallet is one that pays fees for at least one transaction within a given period of time.

As you can see in the graph, daily counts have been parabolic since November 2023. Before that, Solana had less than 100,000 daily active wallets.

Solana DEX trading volume surges

The exponential growth in the number of daily users can be attributed to the increased activity of Solana-based decentralized exchanges (DEXs).

According to AMBCrypto’s analysis of DeFiLlama’s data, Solana remained numero uno in DEX volume, outpacing Ethereum (ETH) for the second day in a row.

Over the past week, Solana’s DEX trading volume has nearly doubled to $16.74 billion, a record high.

Solana DEX VolumeSolana DEX Volume

Source: DeFiLlama

Popular Solana DEXes like Jupiter (JUP) and Orca fueled the surge as they ranked among the top five DEXs by 24-hour trading volume, according to CoinGecko.

Solana: Meme Coin Chain

The surge in DEX trading can be attributed to the ongoing meme coin craze, during which major coins in the sector have recorded notable gains.

Solana-based meme coins such as Bonk (BONK) and dogwifhat (WIF) are up 18% and 71%, respectively, during the week, according to CoinMarketCap.

In fact, the WIF/SOL and WIF/USDC trading pairs were among the top 10 most traded pairs on the Jupiter exchange over the past 24 hours.


How much is 1,10,100 SOL worth today?


Ethereum has long been the go-to chain for memecoin transactions, but Solana’s recent success has made the competitive landscape even more striking.

Meanwhile, the network’s native token, SOL, was trading at $146.76 at press time, up 14% for the week. Monthly gains for the fifth-largest cryptocurrency reached a whopping 42%.

Next: 98% of Tron holders are making profits, but is there a downside lurking there?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

2025 Best Free Cloud Mining

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 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

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025
Most Popular

Tokyo University uses NVIDIA for energy efficient earthquake research.

February 24, 2025

Bitfinex Alpha | BTC Rebounds, but Market Outlook Is Unsettled

April 9, 2024

The Binance co-founder is offering a $10,000 reward to any employee who reports the breach.

February 9, 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.