Back

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

Latest data shows Solana surpassing all major blockchain networks in 24-hour decentralized app revenue and trading volume on decentralized exchanges.

SOL

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Layer-1 (L1) blockchain: A base network like Solana or Ethereum that operates independently with its own consensus mechanism.
  • Layer-2 (L2) blockchain: A secondary network built on top of a Layer-1 blockchain to improve scalability and transaction speed.
  • DEX (Decentralized Exchange): A platform that enables peer-to-peer cryptocurrency trading without centralized intermediaries.