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Solana’s decentralized exchange (DEX) trading volume hits record high
Solana’s decentralized exchange (DEX) trading volume hit an all-time high on January 19. According to data from DeFi Llama, Solana’s decentralized exchange protocols handled $19.47 billion in trading volume, up from the previous day.

This growth was largely driven by the launch of Trump’s official meme coin (TRUMP) on January 17, which saw a 24-hour trading volume of $11 billion. Most of this trading volume was done on Solana’s decentralized exchanges, such as Meteora, Raydium, Orca, and Lifinity.

Centralized exchanges such as Binance, OKX, Bitget, and MEXC have also listed Trump’s official token. Weekly trading volume on Solana has also reached over $56 billion, far exceeding the combined trading volume of Ethereum, BNB Chain, Base, and Arbitrum.