In December, decentralized exchanges on the Solana blockchain collectively achieved $28 billion in whole quantity.
The Solana decentralized trade (DEX) ecosystem, comprising varied platforms, contributed to the blockchain’s strong performance previously month.
Raydium, the main DEX on Solana, reported a weekly decline of 42.6%, with a 24-hour quantity of $224.1 million and a seven-day quantity of $2.4 billion. Regardless of a dip in weekly efficiency, Raydium maintained its dominance, representing 41.1% of the overall cumulative quantity, reaching $53.6 billion.
Orca and Lifinity secured the second and third positions, with weekly dips of 19.7% and 11.7%, respectively. Orca recorded a 24-hour quantity of $209 million and a seven-day quantity of $2.6 billion, whereas Lifinity reported a 24-hour quantity of $47.1 million and a seven-day quantity of $824.2 million.
With a constructive weekly change of 17.6%, Mango Markets showcased a singular development, boasting a 24-hour quantity of $9.5 million and a seven-day quantity of $332.7 million. Drift, OpenBook, Crema Finance, Saber, Penguin, Aldrin, Saros, Serum, and Synthetify additionally performed roles in Solana’s DEX month-to-month rise.