Pantera Capital: In May, over 60% of DEX trading growth occurred on the Solana blockchain
ChainCatcher news, according to a report by Cointelegraph, based on data compiled by the venture capital firm Pantera Capital, over 60% of the increase in decentralized exchange (DEX) trading in May occurred on the Solana blockchain, with Solana's share of DEX trading volume rising from 0% in early 2021 to 24% in May 2024.
Additionally, the number of unique active addresses on the network has increased from 14,000 in October 2020 to nearly 1.3 million in May 2024.
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