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Solana Leads Layer-1 and Layer-2 Chains in Daily DApp Revenue and DEX Volume

The blockchain network tops 24-hour metrics for decentralized applications and decentralized exchange activity across both Layer-1 and Layer-2 sectors.

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Terms & Concepts
  • Layer-1 (L1): A base blockchain protocol, such as Solana or Ethereum, that operates independently and processes transactions on its own network.
  • Layer-2 (L2): A secondary framework built on top of a Layer-1 blockchain to improve scalability and transaction speed.
  • DEX (Decentralized Exchange): A cryptocurrency exchange operating without a central authority, allowing peer-to-peer trading through smart contracts.