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Solana’s volume in the decentralized exchange industry jumped to a record high on Sunday, Jan. 19.
According to DeFi Llama, Solana’s DEX protocols handled $19.47 billion in volume, up from $19.37 billion the previous day. The previous daily record was $7.5 billion in November last year.
This surge happened because of the recent launch of the Official Trump Official Trump meme coin that launched on Friday, Jan. 17. So far, the token has gained a market capitalization of over $7.5 billion, while its 24-hour trading volume jumped to $11 billion.
Most of this volume is happening in Solana DEX networks, led by Meteora, Raydium, Orca, and Lifinity. Other centralized exchanges like OKX, Binance, Bitget, and MEXC have also listed the token and are starting to gain some market share.
Are you hodling SOL, frens? 1 reply
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