Solana DEX Volume Falls to $55.5 Billion as Ethereum Ecosystem Gains Share
Solana trading activity and network fee revenue weakened as SOL repeatedly tested $80 support, while Ethereum and Layer-2 networks expanded their share of decentralized exchange activity.
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Terms & Concepts
DEX: A decentralized exchange, a blockchain-based trading venue that lets users swap tokens without a centralized intermediary.
Layer-2: A scaling network built on top of a base blockchain to improve transaction speed or lower costs.
Network fees: Transaction charges paid by users to process activity on a blockchain, often reflecting demand for block space.