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Solana Leads L1/L2 Chains (base and scaling networks) in 24-Hour DApp (blockchain-based application software) Revenue and DEX (peer-to-peer crypto trading) Volume

An update states Solana remains ahead of all layer-1 and layer-2 blockchains (base and scaling networks) by daily decentralized application (blockchain-based application software) revenue and decentralized exchange (peer-to-peer crypto trading) volume over the past 24 hours.

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Terms & Concepts
  • Layer-1 and Layer-2 blockchains: Base blockchains and scaling networks that process transactions and offload activity to improve throughput and fees.
  • DApp (Decentralized Application): Software running on a blockchain without centralized servers, often using tokens for functionality or fees.
  • DEX (Decentralized Exchange): Peer-to-peer crypto trading venue where users swap assets directly via smart contracts.