Solana DeFi has been quietly getting a facelift, and nobody is talking about it.
Quick 🧵 👇
Over the last 30 days, DEX volumes are averaging $5.6b/day.
That's 86% off the highs established in Q1, but still 2x what the network was doing one year ago.
But what's more interesting is where the flows are shifting...
They are shifting to Private DEXs.
Roughly 1/3 of Solana DEX volume is now being routed through Private DEXs.
HumidiFi has market share amongst Private DEXs right now with roughly 60% of the volume.
Tessera is #2 with roughly 15%.
Followed by SolFi with roughly 10%.
Jupiter is benefiting from the growth of Private AMMs by offering tighter spreads and superior execution to its users.
As a result, the top Private DEXs are now doing more volume through Jupiter than the top Public DEXs.
As this plays out, Raydium's share of Solana DEX volumes has dropped from 57% one year ago to 25% today.
Shifting to Trading Platform Revenue, where Axiom has taken a 71% market share.
Trading Bot/Platform revenues are currently down 90% from the peak in Q1, but up 65% from one year ago.
In terms of market share, Photon is #2 with 6.7%.
Trojan is #3 with 5.8%.
GMGN is #4 with 5.2%
And Padre is #5 with 5.1%
Wrapping up with New Launchpad Tokens.
After losing market share in July to Bonk/Raydium, Pump is back in the drivers seat with over 75% of new token launches over the last 30 days.
Meteora is #2 with a 20% market share.
And Raydium has dropped to just 4.58% over the last 30 days.
In total, new token issuance is currently down 66% from the highs established in Q1
We covered it all and MUCH more in the Q3 edition of The SOL Report.
Download a copy:
Access the Dune Dashboard:
powered by @solsticefi 🤝
1.991
6
Il contenuto di questa pagina è fornito da terze parti. Salvo diversa indicazione, OKX non è l'autore degli articoli citati e non rivendica alcun copyright sui materiali. Il contenuto è fornito solo a scopo informativo e non rappresenta le opinioni di OKX. Non intende essere un'approvazione di alcun tipo e non deve essere considerato un consiglio di investimento o una sollecitazione all'acquisto o alla vendita di asset digitali. Nella misura in cui l'IA generativa viene utilizzata per fornire riepiloghi o altre informazioni, tale contenuto generato dall'IA potrebbe essere impreciso o incoerente. Leggi l'articolo collegato per ulteriori dettagli e informazioni. OKX non è responsabile per i contenuti ospitati su siti di terze parti. Gli holding di asset digitali, tra cui stablecoin e NFT, comportano un elevato grado di rischio e possono fluttuare notevolmente. Dovresti valutare attentamente se effettuare il trading o detenere asset digitali è adatto a te alla luce della tua situazione finanziaria.