Last month, more than 60% of the increase in decentralized exchange (DEX) transactions occurred on the Solana blockchain.
According to Pantera on the 18th (local time), Solana's DEX share increased from 0% in 2021 to 24% last month. Experts cite a structure similar to Apple's macOS as the reason for Solana's rapid growth. It is similar to macOS, which integrates hardware and software, and Solana, a monolithic blockchain that records all transactions on a single blockchain. Pantera compared Solana to the ‘macOS’ of blockchain.
Meanwhile, this also acted as a positive factor for Solana token (SOL). The amount of new tokens flowing into Solana continues to increase, outpacing other blockchains such as Binance Smart Chain (BSC), Ethereum, and Polygon. In fact, last month, SOL accounted for 85% of the total token trading volume traded on DEX. This is a significant increase from 50% a year ago. According to CoinMarketCap, the price of SOL soared more than 723% over the past year and was traded at $123 (170,908 won) as of the 20th.
- Reporter Yang Jin-ha
- jjing@rni.kr
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