New ATH Reached with $60 Billion in Month to month DEX Trading Quantity

The incredible momentum of the Solana community exhibits no indications of slowing down, with the blockchain lately hitting a massive milestone of $60 billion in DEX month-to-month investing quantity, setting a new all-time large (ATH). This achievement, as documented by DeFi Llama, underscores the unwavering interest and enthusiasm surrounding the network, especially for the duration of the current meme coin frenzy in March.

Notably, this new file a lot more than doubles the prior milestone established by Solana, which stood at $28.14 billion in December final 12 months. Impressively, Solana now stands as the 2nd-optimum blockchain in terms of month to month quantity, trailing only powering Ethereum.

How High Can Solana (SOL) Rise in April 2024?
Supply: YouTube

Solana Surpasses DEX Month to month Buying and selling Quantity History

March witnessed the stunning increase of the Solana network, fueled by the meme coin frenzy that swept the sector. This surge propelled various tokens to unprecedented heights, solidifying Solana’s position as a dominant power in the market.

The most current milestone of $60 billion in DEX month to month investing quantity underlines Solana’s amazing general performance and current market existence. This amazing achievement sets a new ATH for the blockchain, showcasing its rising influence and recognition.

Can Dogwifhat (WIF) Hit $10 After Bitcoin Halving?Can Dogwifhat (WIF) Hit $10 After Bitcoin Halving?

This remarkable development was propelled by the surge of viral meme coins that captured the notice of early traders. Tokens like Dogwifhat (WIF), Bonk (BONK), Book of Meme (BOME), and newcomers like Slerf (SLERF) performed a sizeable position in elevating the meme coin current market, emerging as formidable contenders in the sector.

The influx of meme coins also influenced the SOL cryptocurrency of Solana, with SOL witnessing a surge of about 36% during the thirty day period, as for every CoinMarketCap. Nevertheless, SOL has knowledgeable a slight value correction in the past 7 days, with a reduce of above 8% in that period.

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