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In just 10 days from launch, PumpSwap—a decentralized exchange (DEX) on the Solana blockchain—reached $10 billion in transaction volume, thanks to impressive growth and market demand. This unfathomable rise has seized the attention of the DeFi community and raised questions about what it means for Solana-based DEXs to compete with already established platforms like Raydium. … Read more
Ray’s outlook appears extremely bearish on the daily chart following a major collapse in the past weeks. Testing a five-month low this week, it currently in a consolidation mode as it decides on where to head next. Following a significant breakdown from a head-and-shoulder pattern on the daily chart, Ray witnessed its biggest loss (in … Read more
The token linked to the Raydium protocol, $RAY, is no different in this regard. In the recent past, it has seen significant downturns, with a 30% drop closely following the announcement from Pumpdotfun that they had created an AMM. The fall, of course, got “some whales” like DMBZ2…XvQvD feeling quite uneasy. We have no way … Read more
The layer-1 network clocked nearly $3.8 billion in trading volume in the past 24 hours, according to DefiLlama. Go to Source
Meme coin trading was a key driver of Raydium’s volume with meme coins accounting for 65% of Raydium’s monthly volume. Raydium Is King of DEXs Raydium (RAY), a decentralized exchange (DEX) on Solana has exceeded Uniswap‘s monthly DEX volume for two months in a row. This saw Raydium emerge as the top DEX by volume … Read more
Solana-native Raydium beat Uniswap in decentralized exchange trading volumes in October and November, according to Messari. Go to Source
A notable surge in activity puts analysts’ eyes back on Ethereum. Can the Ethereum network catch up to and surpass Solana? Go to Source
Solana’s onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term. Go to Source
Solana’s fresh all-time highs were driven by investors’ memecoin mania and euphoria over Bitcoin’s strong rally. Can SOL hit a new high? Go to Source
Everything but ETH seems to be rallying, even though Ethereum’s DApp volumes are surging. What gives? Go to Source
