[Chain News] A fascinating phenomenon has emerged in SOL trading activities on the Solana blockchain recently — since September last year, on-chain spot trading volume has consecutively outperformed the comparable transaction volume of a leading exchange and a well-known platform for three months. It's important to note that both of these are top players in the centralized exchange sector.
According to the latest data, on-chain trading accounts for over 60% of the total SOL transactions. What does this number indicate? Solana is quietly evolving into a key liquidity hub in the crypto market.
In conventional understanding, centralized exchanges dominate trading liquidity. However, this trend is being broken. With the improvement of on-chain DEX and trading infrastructure, more and more traders find that trading directly on-chain is more efficient and cost-effective. Solana, with its advantages of fast confirmations and low fees, is becoming the biggest beneficiary of this shift.
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PensionDestroyer
· 5h ago
SOL chain is going crazy
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CryptoMom
· 12-23 02:40
sol bull has passed the mountain
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AirdropDreamer
· 12-23 02:40
A large airdrop equals a big dream
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RektButAlive
· 12-23 02:39
The era of DEX dominance has arrived.
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FastLeaver
· 12-23 02:36
on-chain flying a plane
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YieldWhisperer
· 12-23 02:18
DeFi is really great
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LuckySonLin888
· 12-23 02:15
From September until now, it has been in a downward movement, with no independent market trend. When the market rises, it rises slightly; when the market falls, it must fall. If the data is true, the market will not behave this way.
Solana on-chain exchange transactions have surpassed 60%, exceeding Centralized Exchange to become the main liquidity battleground.
[Chain News] A fascinating phenomenon has emerged in SOL trading activities on the Solana blockchain recently — since September last year, on-chain spot trading volume has consecutively outperformed the comparable transaction volume of a leading exchange and a well-known platform for three months. It's important to note that both of these are top players in the centralized exchange sector.
According to the latest data, on-chain trading accounts for over 60% of the total SOL transactions. What does this number indicate? Solana is quietly evolving into a key liquidity hub in the crypto market.
In conventional understanding, centralized exchanges dominate trading liquidity. However, this trend is being broken. With the improvement of on-chain DEX and trading infrastructure, more and more traders find that trading directly on-chain is more efficient and cost-effective. Solana, with its advantages of fast confirmations and low fees, is becoming the biggest beneficiary of this shift.