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In December, Solana continued to outperform Ethereum within the decentralized trade (DEX) trade for the third consecutive month. Because of the rising recognition of memecoins, Solana recorded document transaction volumes, thus consolidating its place towards crypto giants like Ethereum.
Solana surpasses Ethereum for the third consecutive month
In December 2024, the transaction quantity of Solana reached over $97 billion, far exceeding the $22.6 billion recorded in the identical interval the earlier 12 months. Notably, this was the third consecutive month that Solana outperformed Ethereum, which had dominated the crypto trade for years. Ethereum protocols recorded a quantity of over $74 billion, whereas Base and Arbitrum processed $42 billion and $37 billion, respectively.
In November, Solana additionally carried out properly, with a quantity of $129 billion on its DEX networks, surpassing Ethereum’s $70.6 billion. A month earlier, Solana had processed a quantity of $52 billion, in comparison with $41 billion for Ethereum.
The increase in Solana’s DEX volume is because of the memecoin trade, which continued to thrive this 12 months. Solana attracted hundreds of memecoins this 12 months, aided by the creation of Pump.enjoyable, the most important token generator. All Solana crypto memes have a market capitalization of over $14.1 billion, led by Bonk, Dogwifhat, Popcat, and Peanut the Squirrel.
Crypto – SOL in the direction of new heights?
This progress has been extraordinarily worthwhile for Solana and its native purposes, which generated a document income of $365 million in November, a historic document. All of this might properly propel the SOL crypto to new heights on the finish of this 12 months. Moreover, this momentum, mixed with decrease charges and elevated liquidity, strengthens Solana’s place as a possible market chief.
In abstract, Solana’s distinctive efficiency on DEX, supported by the recognition of memecoins, might propel SOL to new heights, thus consolidating its management place towards Ethereum and different crypto giants.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Group supervisor crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
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