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

According to updated figures, Solana outperformed all other major blockchain networks in 24-hour decentralized application earnings and decentralized exchange trading activity.

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Terms & Concepts
  • Layer 1 (L1) blockchain: A base-level blockchain protocol, such as Ethereum or Solana, that processes and finalizes transactions without relying on another network.
  • Layer 2 (L2) solution: A secondary framework or protocol built on top of a Layer 1 blockchain to improve scalability and reduce transaction costs.
  • DEX (decentralized exchange): A peer-to-peer trading platform that allows users to swap digital assets directly without intermediaries.