Solana Leads Weekly Spot DEX Volume, Trailing Only Binance
The post says Solana ranked ahead of all centralized exchanges in weekly spot decentralized exchange volume, with only Binance recording higher activity.
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Summary
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Terms & Concepts
- DEX (decentralized exchange): A blockchain-based trading venue that lets users swap assets directly without a traditional intermediary.
- Spot volume: The amount of assets traded for immediate settlement, rather than through derivatives or leveraged contracts.
- Centralized exchange: A crypto trading platform operated by a company that holds custody and matches trades through its own system.