- Solana’s daily trading volume has skyrocketed over the past month.
- The DeFi and NFT segments of the chain have seen growth over the past 30 days.
Daily trading volume for layer 1 (L1) chain Solana (SOL) has reportedly reached its highest level since December 2022. The Block’s data dashboard.
As of January 3, the economic throughput of SOL and Solana Native Library (SPL) tokens on the Solana blockchain totaled $42 billion, a 641% increase from December 1.
According to the data provider, SPL tokens include USD Coin (USDC), Serum (SRM), Raidium (RAY), Ethereum (ETH), and Tether (USDT).
Source: The Block
As daily trading volume on the network surged last month, Solana’s fees and revenue also soared.
According to data from Token Terminal, transaction fees recorded on Solana over the past 30 days totaled $10.34 million, an increase of 205%. Revenue generated from this amounted to $5.17 million, an increase of more than 200% over the same period.
Solana’s DeFi and NFT Category
A closer look at the Solana ecosystem shows that the decentralized finance (DeFi) and non-fungible token (NFT) sectors have seen significant growth over the past 30 days.
According to data from Artemis, the total volume of transactions completed through the decentralized exchange (DEX) located within Solana has increased by 41%. For context, as of December 5, this totaled $1.15 billion. A month ago, Solana’s DEX trading volume was $813 million.
DeFi Total Value Locked (TVL) has been on the rise for the year so far. Dipilama showed it At press time, Solana’s DeFi TVL was $1.4 billion, the highest level since August 2022.
AMBCrypto found that most TVL growth has occurred in the past three months. Since October 1st, Solana’s TVL has risen more than 300%.
Source: DefiLlama
Additionally, the network’s NFT segment ended December with $365 million in sales, the highest level for all of 2023 and data from October 2021 onwards. Cryptoslam showed it
So far this month, 911,818 transactions have been completed, with Solana’s NFT sales reaching $36 million.
How much is 1,10,100 SOL worth today?
SOL fell last week
After a prolonged rally, SOL appears to be losing gains.
The value of this alt, which trades at $93.74 at press time, has decreased 10% over the past seven days, according to data from CoinMarketCap.