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

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

Blockchain platform Solana recorded the highest 24-hour decentralized application revenue and decentralized exchange trading volume among all major Layer-1 and Layer-2 networks.

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Terms & Concepts
  • Layer-1 (L1): A base blockchain network like Solana or Ethereum that processes and records transactions directly on its own ledger.
  • Layer-2 (L2): A secondary network built on top of a Layer-1 blockchain, designed to improve scalability and reduce transaction costs.
  • DApp: Short for decentralized application; a software program that runs on a blockchain network without centralized control.