BisonFi Becomes Top Solana Protocol by Daily and Weekly DEX Volume

The update says BisonFi now ranks first on Solana by both daily and weekly decentralized exchange trading volume.

Summary

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Terms & Concepts
  • AMM (automated market maker): A blockchain-based trading system that uses liquidity pools instead of traditional order books to facilitate token swaps.
  • DEX (decentralized exchange): A crypto trading platform that lets users swap assets directly onchain without relying on a centralized intermediary.
  • Solana: A blockchain network known for high-speed and relatively low-cost transactions, often used for trading and decentralized finance applications.