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
Recent Research Reports
Interested to know more? Access exclusive reports by signing up as a Private member, joining our Crypto.com Exchange VIP Programme, or collecting a Loaded Lions NFT. Recent University Article
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.com DeFi Research is free today. But if you enjoyed this post, you can tell Crypto.com DeFi Research that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
Finish signing in to Crypto.com DeFi Research
Tuesday, November 19, 2024
Here's a link to sign in to Crypto.com DeFi Research. This link can only be used once and expires in one hour. If expired, please try signing in again here. Sign in now © 2024 Crypto.com 1
DeFi & L1L2 Weekly — 📈 Solana outshines Ethereum with 123 million active addresses in October; Ethereum launches …
Friday, November 15, 2024
Solana outshines Ethereum with 123 million active addresses in October. Ethereum launches Mekong testnet to preview Pectra upgrade. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly — 📈 Polymarket hits US$2.5 billion in volume amidst the US presidential election; TON Foundati…
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
Finish signing in to Crypto.com DeFi Research
Wednesday, October 30, 2024
Here's a link to sign in to Crypto.com DeFi Research. This link can only be used once and expires in one hour. If expired, please try signing in again here. Sign in now © 2024 Crypto.com 1
DeFi & L1L2 Weekly — 📈 Solana’s weekly fees outpaces Ethereum's; Lido approves permissionless ETH staking with mi…
Wednesday, October 30, 2024
Solana hits a new high in weekly fees, outpacing Ethereum's. Lido DAO approves vote for permissionless ETH staking with minimum collateral of 2.4ETH. Uniswap collabs with Across for cross-chain
You Might Also Like
Ripple warns of deepfake scams amid XRP price surge
Tuesday, December 3, 2024
Ripple intensifies efforts against deepfake scams amidst record XRP price, advising community caution. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Understanding Staking Yields and Economics on Ethereum & Solana
Tuesday, December 3, 2024
Contextualizing staking yields, inflation, and network economics on Ethereum & Solana ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
WuBlockchain x Vitalik, Part 1: Ethereum's China Story, Russia-Ukraine War, and BCH's Big Block Concept
Tuesday, December 3, 2024
This podcast is the first part of an interview by WuBlockchain founder Colin Wu with Ethereum co-founder Vitalik Buterin. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Enron is back to launch crypto token focused on solving the energy crisis
Monday, December 2, 2024
The 'n in Enron now stands for 'nice' as memecoins erupt over company relaunch. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
VC Monthly Report for Nov, Sets 13-Month Low in Funding Number and Amount
Monday, December 2, 2024
According to data from RootData, 86 crypto VC-funded projects were publicly disclosed in November, marking a 13.1% month-over-month decline (99 projects in October 2024) and an 8.5% year-over-year drop
AI Agents Continues To Flourish As Numerous Tokens Soar
Monday, December 2, 2024
We bring you the top stories in crypto every week! Stories like... Monday Dec 2, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Welcome to this week's edition of CryptoWeekly Recap,
📈 Stablecoin market capitalisation hits an all-time high; Crypto.com to be the title sponsor for the upcoming Cry…
Monday, December 2, 2024
Stablecoin market capitalisation hits an all-time high; Crypto.com to be the title sponsor of the Crypto.com Showdown featuring PGA Tour and LIV Golf players; Crypto.com launches CDCBTC and CDCSOL ͏ ͏
US influence over Bitcoin grows with Trump victory
Sunday, December 1, 2024
Trump's election win signals new era for US bitcoin market power. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Asia's weekly TOP10 crypto news (Nov 25 to Dec 1)
Sunday, December 1, 2024
Russian President Vladimir Putin has signed a digital currency taxation law, officially classifying digital currencies as property and extending their use to foreign trade payments under the EPR
Analyst warns of ‘leverage driven pump’ as XRP price soars
Saturday, November 30, 2024
The crypto issued by Ripple Labs started its climb following the US elections, accumulating a 232% price increase in the past 30 days. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏