The DeFi sector keeps changing at a rapid rate, and Solana now has that decentralized applications (dApps) that surpass almost any other blockchain’s dApps in terms of the number of monthly active users. Among Solana’s dApps, the Raydium Protocol stands out, boasting an amount of active users that is 5.5 times greater than that of Uniswap—Solana’s largest decentralized exchange (DEX). In parallel, the adoption of Solana has been so rapid that it has directed a lot of institutional interest toward it. The Cboe has taken the remarkable step of re-filing several 19b-4 applications with the SEC that are now four
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