The monthly trading volume of decentralized exchanges (DEXes) housed within the Solana [SOL] network surpassed $60 billion in March...
Solana’s monthly fees and revenue climbed to new highs in March as DEX trading volume spiked to an all-time high.This marked a 172% spike from the $22 billion recorded in DEX volume in February.
This spike in meme coin activity led to a rally in the prices of these assets. For example, the values of meme assets, such asAs trading activity on Solana DEXes climbed during the 31-day period, total transaction fees and the revenue derived from the same rallied to new highs. Looking to extend its gains, an assessment of key momentum indicators on a 1-day chart revealed an uptick in demand for SOL.
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