DeFi & L1L2 Weekly — 📈 Trading volume on Solana DEXes surpasses Ethereum’s by more than 2x; PayPal USD integrates…
DeFi & L1L2 Weekly — 📈 Trading volume on Solana DEXes surpasses Ethereum’s by more than 2x; PayPal USD integrates LayerZero’s OFT standard for cross-chain transfersSolana’s total trading volume reached $85.9 billion, which is more than double the volume on Ethereum. PayPal USD partners with LayerZero for seamless transfers between Ethereum and Solana.Weekly DeFi IndexThis week’s market capitalisation index grew by +6.62%, while the volume and volatility indices dropped by -12.35% and -12.90%, respectively.
Chart of the WeekDecentralised exchanges (DEXes) on Solana hit a record high of US$7.15 billion in daily trading volume on 18 November and have stayed above the $7 billion level since. Additionally, the total weekly trading volume of Solana’s DEXes peaked last week, reaching over $41 billion. The total trading volume of Solana DEXes currently stands at $85.9 billion in November, which is more than double the trading volume of Ethereum DEXes, which stands at $41.3 billion. This marks a substantial shift from January when Solana's total trading volume was only 53.3% of Ethereum's. This rapid growth is largely driven by the rise of meme coins on platforms like pump.fun, which facilitated high-frequency trading of new tokens. News Highlights
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AuthorResearch and Insights Team DisclaimerThe information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.We’re all ears.Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Thank you for reading! We hope you find our Weekly DeFi and Layer 1 & Layer 2 News Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Thanks for reading Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming! Subscribe for free to receive new posts and support my work. Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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📈 BTC overtook silver and Saudi Aramco as the 7th-largest asset by market cap; Crypto.com acquired Australian bro…
Monday, November 18, 2024
BTC overtook silver and Saudi Aramco as the 7th-largest asset by market capitalisation; Crypto.com acquired Australian brokerage firm Fintek; BlackRock's BUIDL is available on five more blockchains
NFT & Gaming Weekly - 📈 OpenSea is set to undergo a revamp; McDonald's announced a collaboration with NFT brand D…
Friday, November 15, 2024
OpenSea is set to undergo a significant revamp. McDonald's announced a collaboration with NFT brand Doodles. Lamborghini launches Fast ForWorld Revuelto NFT mint. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Solana outshines Ethereum with 123 million active addresses in October. Ethereum launches Mekong testnet to preview Pectra upgrade. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📈 BTC reached a new all-time high above US$81,000 on 11 Nov; Crypto.com unveiled its 2025 roadmap and the Level U…
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Wednesday, November 6, 2024
Polymarket hits a record of $2.5 billion in volume amidst the US presidential elections. TON Foundation launches Society DAO to enhance decentralised governance. Swell launches optimistic rollup in Op
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