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The continued surge in exercise on the Solana community has continued because the blockchain not too long ago reached $60 billion in DEX month-to-month buying and selling quantity, setting a brand new all-time excessive (ATH). The determine was recorded from DeFi Llama and exhibits the continued curiosity that the community has amassed amid the March meme coin craze.
Furthermore, the brand new landmark determine greater than doubles the earlier file. Particularly, Solana’s former DEX Month-to-month Quantity mark was $28.14 billion from December of final yr. Moreover, the mark is second solely to Ethereum as the very best quantity of all blockchains final month.
Solana Units DEX Month-to-month Buying and selling Quantity ATH
All through March, all eyes have been on the large success that the Solana community loved. Pushed by the meme coin mania that swept the market, a number of tokens skilled meteoric rises that elevated the general prevalence of the community.
That has pushed the blockchain to even surpass Ethereum in a number of key areas because it exhibits its value by way of high-end exercise. Now, that has continued to set a brand new milestone for the blockchain. Particularly, Solana has seen its latest $60 billion DEX month-to-month buying and selling quantity set a brand new all-time excessive.
The event was pushed by a number of viral meem cash that caught the eye of traders early on. These included property like Dogwifhat (WIF), Bonk (BONK), E-book of Meme (BOME), and newcomers like Slerf (SLERF). All through March, these altcoins entered the meme coin market and have become among the most fearsome rivals within the subsect.
The rise in meme coin prevalence has additionally impacted Solana’s SOL cryptocurrency. Throughout the month, SOL has elevated greater than 36% in line with CoinMarketCap. Nevertheless, it’s going through a worth correction during the last week, lowering by greater than 8% in that timeframe.
