Solana Leads L1 and L2 Networks in Weekly DApp Revenue and DEX Volume

Blockchain platform Solana recorded the highest seven-day revenue from decentralized applications and decentralized exchange activity among all Layer 1 and Layer 2 networks.

SOL

50d ago

Summary

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Terms & Concepts

DApp (Decentralized Application): A software application that runs on a blockchain network rather than a centralized server.
DEX (Decentralized Exchange): A peer-to-peer platform that allows users to trade cryptocurrencies without relying on a central authority.
Layer 1 and Layer 2: Layer 1 refers to the base blockchain protocol, while Layer 2 refers to secondary frameworks built on top to improve scalability and speed.