MeteoraAG Rises to Second-Largest DEX on Solana in July
MeteoraAG surpassed Orca with a 21.8% market share while RaydiumProtocol led at 32.2%, with volume up 145% month-over-month driven by new token launchpads.
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Summary
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Terms & Concepts
Decentralized Exchange (DEX): A platform enabling direct cryptocurrency trades without central authority.
Token Launchpad: A service that facilitates the initial issuance and promotion of new digital tokens.