Solana News: Solana makes historical past by surpassing Ethereum in 24-hour decentralized exchange (DEX) quantity for the primary time since its launch in 2020, grabbing the eye of crypto leaders and lovers. The Solana group celebrates this milestone as all Saga Mobile are sold out and meme coin Bonk breaks a number of information.
Solana Flips Ethereum in DEX Volume
Solana chain has surpassed Ethereum chain in DEX quantity for the primary time in historical past, based on DeFiLlama data as of December 16. The Solana proof-of-stake (PoS) blockchain was based by Solana Labs, which was co-founded by Anatoly Yakovenko and Raj Gokal in 2018.
Numerous elements contributed to the achievement of the milestone. It consists of huge shopping for of Solana Mobile, huge trading volumes on Solana-based dog-themed meme coin Bonk, and bullish sentiment on the Solana ecosystem.
Circle CEO Jeremy Allaire calls it a “big day for Solana” because it flips Ethereum and Saga Mobile will get offered out. Solana’s Raj Gokal additionally reacted to those milestones, saying “Incredible milestone. 6 years in, just getting started!”
Anatoly Yakovenko stated he agrees that Solana is healthier than Ethereum and builders have contributed immensely to the success of Solana. The ecosystem is underway for additional enhancements with “Solana DeFi 2.0.”
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Solana And BONK Price Action Amid Bullish News
SOL price rallied 15% in a month and hit a excessive of $79.15. Solana at present trades at $74. The 24-hour high and low are $71.57 and $79.15, respectively. Furthermore, the buying and selling quantity has barely decreased within the final 24 hours. to $1,840,546,027, indicating an increase in curiosity amongst merchants.
Meanwhile, BONK value fell 22% within the final 24 hours after a 1000% rally in a month, with the worth at present buying and selling at $0.0000231. The 24-hour high and low are $0.0000220 and $0.0000315, respectively. The buying and selling quantity remains to be growing within the final 24 hours.
Coinbase, Binance, and different exchanges listed BONK this week, with specialists suggesting an additional rally in BONK value.
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