Solana Surpasses All Blockchains in Transactions, DEX Volume, and DeFi TVL

Solana recorded 355.9 million transactions over the past seven days, surpassing the combined total of all other blockchains. Over the past month, users have bridged $120 million to Solana from other chains, including $70 million from Ethereum alone. Solana has led all other blockchains in 24-hour decentralized exchange (DEX) volume for four consecutive days. Solana’s DeFi Total Value Locked (TVL) has reached $7.06 billion, surpassing BNB Chain’s $5.2 billion. This growth is accompanied by a daily volume of over $2.5 billion on Solana, with more than $1 billion in perpetual futures trading. Fees and application revenue on the platform are also on the rise. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant