Solana DEX Ecosystem Thrives with Over $28 Billion in December
Date: 2024-01-02 Author: Dima Zakharov Categories: BLOCKCHAIN
The Solana DEX ecosystem, comprising various platforms, contributed to the blockchain's stability last month, showcasing impressive growth and resilience.
Raydium Dominates Despite Weekly Dip
Raydium, the leading DEX on Solana, reported a weekly drop of 42.6%, with a 24-hour trading volume of $224.1 million and a seven-day volume of $2.4 billion. Despite the weekly decline, Raydium maintained its dominance, representing 41.1% of the total cumulative volume, reaching an astonishing $53.6 billion.
Orca and Lifinity Secure Second and Third Spots
Orca and Lifinity claimed the second and third positions with weekly declines of 19.7% and 11.7%, respectively. Orca recorded a 24-hour volume of $209 million and a seven-day volume of $2.6 billion, while Lifinity reported a 24-hour volume of $47.1 million and a seven-day volume of $824.2 million.
Mango Markets Shines with Weekly Growth
Mango Markets displayed a unique trend with a positive weekly change of 17.6%, showcasing a 24-hour volume of $9.5 million and a seven-day volume of $332.7 million. Other platforms like Drift, OpenBook, Crema Finance, Sabre, Penguin, Aldrin, Saros, Serum, and Synthetify also played their part in the monthly growth of the Solana DEX ecosystem.
