Slerf’s transaction volume in the past 24 hours exceeded US$2.7 billion, which was higher than the entire DEX transaction volume on the Ethereum chain during the same period

03/19 12:21

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Slerf, a meme coin in the Solana ecosystem, had a trading volume on its launch day that exceeded all Ethereum-based exchanges, as reported by CoinDesk.According to DEXScreener data, Slerf, a sloth-themed token launched in Asia on Monday morning, had a trading volume of over $2.7 billion in the past 24 hours, including 800,000 transactions from 130,000 individual traders.According to CoinGecko data, over $1.7 billion of these trades were conducted through the Solana ecosystem's DEX, Raydium.In comparison, according to DefiLlama data, the cumulative processing volume of trading applications on Ethereum was $2.3 billion, which is the total number of all transactions settled on the Ethereum blockchain, such as transactions from trading, lending, and borrowing applications.

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