In the dynamic Solana DeFi landscape, a shift is occurring in the relative user adoption of key protocols. While Orca's Daily Active Users (DAU) decrease slightly, Raydium experiences a significant surge, but what about their transaction volumes? Solana's native token, SOL, and the RAY token show impressive price appreciation, indicative of a bullish market... But is this growth a result of genuine adoption or are speculative forces at play? Discover the intriguing and potentially cautionary insights in our full Alpha article...
A month in review: Solana’s DeFi protocols break new ground A month in review: Solana’s DeFi protocols break new ground
Solana's DeFi protocols see impressive user growth and token appreciation.
2 min read
Updated: Nov. 2, 2023 at 5:39 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
In this article
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Raydium
$1.60673
Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).
Serum
$0.04266
Serum is a decentralized exchange (DEX) built on the Solana blockchain.
