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Solana Weekly Spot DEX Volume Exceeds NYSE American for Two Straight Weeks

The source says Solana’s spot DEX (decentralized exchange) activity reached $12.2 billion last week, compared with $9.8 billion on NYSE American, a United States stock exchange for small- and mid-cap companies.

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Summary

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Terms & Concepts
  • DEX (decentralized exchange): A blockchain-based trading venue that lets users swap assets directly without relying on a centralized intermediary.
  • Spot trading: The direct purchase or sale of an asset for immediate settlement, rather than through derivatives contracts.
  • Solana: A blockchain network known for high-speed transaction processing and low fees, often used for trading and decentralized applications.