Solana Overtakes Polygon in Daily DEX Volume and Transactions, Continues Upward Momentum
Solana (SOL), a competitor to Ethereum (ETH), has surpassed Polygon (MATIC) in daily decentralized exchange (DEX) volume, according to data from blockchain tracking platform Artemis. Solana's DEX volume was approximately $240.5 million, while Polygon's was $137.5 million. Solana also surpassed its competitors, including ETH and Avalanche (AVAX), in terms of daily transactions, with 19.5 million on November 2nd. Solana's market cap has also been outpacing its competitors since the start of October, and its price has increased by about 300% since January 1, 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What it’s going to take to hit $100K
MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge
Why analysts are upping price targets for MSTR and COIN
MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago
FIFA Teams Up with Mythical Games to Launch Blockchain-Powered Mobile Soccer Game
Romania Makes History by Using Blockchain to Secure Presidential Election Votes
Trending news
MoreCrypto prices
More
