Decentralized exchanges based on Solana captured about half of the market in terms of daily trading volume, follows from the data CoinGecko.
The segment leader was the Jupiter platform with $2.66 billion, followed by Raydium ($2.4 billion).
The largest DEX Uniswap, but it is followed by Solana-platform Orca – $1.4 billion.
The most popular pair among the two current leaders is SLERF/SOL.
Despite the fact that the meme token project encountered problems in the form of the “accidental” burning of the liquidity pool and airdrop coins, the community supported it.
Over the past 24 hours, the asset price has fallen by about 25% and is ~$0.9. The coin’s capitalization is approaching $0.5 billion.
Founder and CEO of CryptoQuant Ki Yoon Joo expressed concern about the boom in the Solana-based meme token segment. In his opinion, such projects simply harm the industry.
Against this background, SOL remains in fifth place in the rating by capitalization with a weekly growth of 14.5% against the market. The value of the total supply of the coin exceeds $78.2 billion.
Source: Cryptocurrency
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