The trading volume of DEX on the Ethereum chain exceeded US$2.5 billion yesterday
According to DeFiLlama data, as reported by Jinse Finance, the trading volume of Ethereum-based DEX on February 27 was 2.531 billion US dollars, ranking first. The daily trading volume of Solana-based DEX was 1.133 billion US dollars, ranking second; the daily trading volume of BSC-based DEX was 846.42 million US dollars, ranking third.
ON–208: DEXs 💱
Orca is a Solana automated market maker (DEX) launched in February 2021. To date, the exchange has facilitated over $40.8B volume, generating $72.4m in fees. Weekly volume hovers at ~$1B, after peaking at >$3B during the Solana DeFi and JUP airdrop momentum. Despite volume fluctuations, Orca has consistently dominated as the leading Solana DEX despite increasing competition — the DEX commands a ~45% market share today.
The daily trading volume of DEX on the Ethereum chain exceeds 1.4 billion US dollars, and the DEX on the BSC chain ranks second with 726 million US dollars.
According to DeFiLlama data on February 24th, the trading volume of Ethereum-based DEX on February 23rd was $1.452 billion, ranking first. In addition:
Sushi launches Layer N-based derivatives trading DEX Susa
According to official sources, Sushi has announced the launch of Susa, a derivative trading DEX based on Layer N. Susa will use Layer N's Nord engine, allowing the platform to process over 100,000 transactions per second with a latency of less than 1 millisecond. This transaction speed will enable DEX to compete with CEX in terms of performance. Susa is planning to launch on the testnet in the first half of this year. The beta registration is now available on the official website. Layer N is an innovative L2 based on Ethereum StateNet, designed as a custom and optimized rollup network supported by a shared communication and liquidity layer.
The daily trading volume of DEX on the Ethereum chain exceeds 1 billion US dollars and returns to the first place
DeFiLlama data showed that the trading volume of Ethereum-based DEX on February 2nd was $1.036 billion, reclaiming the top spot. The daily trading volume of Solana-based DEX was $877.79 million, ranking second; the daily trading volume of Arbitrum-based DEX was $398.7 million, ranking third. Earlier news showed that the trading volume of Solana-based DEX on February 1st was about $1.149 billion, ranking first.
DEX project Kodiak Finance completes US$2 million in seed round financing
Kodiak Finance has completed a $2 million seed round of financing. Kodiak Finance aims to become the native DEX of the Berachain community. The team stated that this funding will enable them to further accelerate Kodiak's expansion and continue to provide native trading products for Berachain.
Vertex adds JUP, APE, ATOM, TRX, GALA perpetual contract trading
Decentralized trading platform Vertex Protocol announces the addition of perpetual contract trading for APE, ATOM, TRX, GALA, and JUP.
The trading volume of DEX on the Solana chain reached US$1.149 billion yesterday, surpassing Ethereum for two consecutive days
Solana's DEX on February 1 was approximately 1.149 billion US dollars, a decrease of about 21% from the previous day's 1.461 billion US dollars, once again ranking first. In addition, the trading volume of Ethereum's DEX on the chain yesterday was 1.131 billion US dollars, ranking second; the trading volume of Arbitrum's DEX on the chain yesterday was approximately 503 million US dollars, ranking third.
Over Half of Ethereum Tokens Launched in 2023 Show Signs of Pump and Dump Schemes, According to Chainalysis Data
According to data from Chainalysis, over half of the tokens launched on Ethereum in 2023 were involved in pump and dump schemes, where insiders manipulate the market for profit. However, these tokens only made up 1.3% of total trading volume on decentralized exchanges. The permissionless nature of Ethereum allows anyone to create an ERC-20 token and trading pool, leading to potential fraudulent activity. Chainalysis suggests that this highlights the need for education on how to search for suspicious on-chain activity.
The trading volume of DEX on the Ethereum chain yesterday was US$734 million, a decrease of approximately 43% from the previous day.
The trading volume of DEX on the Ethereum blockchain on January 27 was 734 million US dollars, ranking first, a decrease of about 43% from the previous day (1.286 billion US dollars).
