Recently the trade volume across the Solalan Dex environment surged by $2 billion because of the increasing popularity of Meme tokens.
Solalan (Sol) is a popular Proof-of-stake (PoS) crypto network that is known for its high scalable network speed. Its network fee & scalability are very high over the Ethereum blockchain network. However, there are some challenges & issues associated with the Solana network but still, there are multiple benefits of using Solana over Ethereum.
On 4 March 2024, We noted that the Solala network saw a sudden increment in the Solana Dex trade volume by $2 billion. In short, Solana Dex’s trade volume surpassed Ethereum.
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At the time of writing this article, the current 24-hour trade volume under the Solana Defi ecosystem is $3.15 billion & of Ethereum Defi trade volume is $4.83 billion.
The significant increment in the trade volume under the Solana Defi ecosystem occurred because of the popularity of Meme tokens available on the Solala network.
This week, many meme tokens showed a big rally. In particular, Solana network-powered meme tokens grabbed huge popularity.
However there is a very big difference between Solana & Ethereum coin trade volume but if we say that Solana is going to surpass Ethereum in terms of DEX volume in the long run, then absolutely it is possible because the Solana network provides efficient crypto trading services, as network fees as well as scalability is very high over Ethereum network.
The current trade price of the Ethereum (ETH) coin is $3,563 & this trade price has been 12% higher over the last 7 days.
On the other hand, the trade price of the Sol coin is $125 which is 15.5% higher over the last 7 days. In the last 2 months, the pump in the trade price of Sol coin occurred more rapidly over any other crypto token in this innovative sector.
Read also: Shark Tank star Mark Cuban Goes For Bitcoin Over Gold all day every day
The meme crypto token trend may help Solana to surpass Ethereum amid Meme trend
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