Solana Just Dethroned Ethereum in This Key Metric

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Five Solana-based DEXes are in lead, according to DefiLlama data

provided by DefiLlama, Solana has managed to destroy Ethereum in daily DEX trading volume .Solana-based Raydium, Meteora, Orca, Phoenix and Lifinity are among the top 10 DEXes by daily trading volume. Uniswap and PancakeSwap, of course, remain in the lead.'Rich Dad Poor Dad' Author Calls Bitcoin Fast Track Investment, Here’s What He Means

Bitcoin Can Hit $75,000, Here's How, Another XRP Reversal Attempt, Dogecoin to Test out $0.13 Again, But There's Catch, New York-based investment firm VanEck filed to launch an ETF for Solana on Thursday; 21Shares followed suit with its own filing for the red-hot altcoin on Friday.However, those who expect this ETF to see the light in the near future should cool their jets. According to leading analysts in the field, the product is now expected to be approved this year.

After initially seeing a sharp price spike due to the ETF hype, the SOL price is currently in the red, slipping by 0.2% over the past two weeks. The popular altcoin is currently valued at $65.2 billion, according to data provided by CoinGecko. This puts it in the fifth place by market capitalization .Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

 

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