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Solana DEX spot volume tops Bybit for 8th straight day at $1.52 billion

Solana DEX spot volume tops Bybit for 8th straight day at $1.52 billion

Solana also led blockchain DEX volume at $4.15 billion in a separate 24-hour snapshot, while a newer report said Solana-based apps generated more than $17 million in weekly revenue.

SOL

Fact Check
The claim is well supported across three independent sources citing DeFiLlama data.
    Reference: 123
Summary

Solana's decentralized exchanges recorded $1.52 billion in daily spot volume on July 10, exceeding Bybit's $1.36 billion for an eighth straight day, according to DeFiLlama data published by @minnus on July 11. In a separate 24-hour chain ranking, Solana led blockchain networks with $4.15 billion in DEX volume, and a newer report said Solana-based applications generated more than $17 million in weekly revenue. The figures point to strong on-chain trading and application activity, though the volume comparisons refer to different datasets and time windows.

Terms & Concepts
  • DEX: Decentralized exchange for on-chain crypto trading.
  • perpetual futures: Crypto derivatives contracts with no expiry.
  • DeFiLlama: A crypto data platform that tracks blockchain and exchange activity, including DEX and spot trading volumes.