Solana Leads Layer-1 and Layer-2 Chains in 24-Hour DApp Revenue

The update says Solana also ranked first in 24-hour DEX volume, highlighting strong on-chain activity across decentralized applications and trading.

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Terms & Concepts
  • DApp: A decentralized application that runs on a blockchain network rather than on a centralized server.
  • DEX: A decentralized exchange that lets users trade crypto directly on-chain without a traditional intermediary.
  • Layer-1 blockchain: A base blockchain network, such as Solana, that processes transactions and supports applications on its own chain.