“On the eve of the inauguration of Donald Trump, the daily turnover on DEX on the Solana network jumped to $27 billion, leaving behind Ethereum ($5 billion). Such figures were provided by a DeFi enthusiast and founder of the Pink Brains studio under the nickname Ignas. Probably the craziest weekend in crypto. Here are 10 charts to visualize it: 1. Record-breaking DEX trading volume: $27B on Solana, leaving ETH’s […]”, — write: businessua.com.ua
On the eve of the inauguration of Donald Trump, the daily turnover on DEX on the Solana network jumped to $27 billion, leaving behind Ethereum ($5 billion). These numbers were provided by a DeFi enthusiast and the founder of the studio Pink Brains under the nickname Ignas.
Probably the craziest weekend in crypto.
Here are 10 charts to visualize it:
1. Record-breaking DEX trading volume:
$27B on Solana, leaving ETH’s $5B well behind. pic.twitter.com/Yao1KDfPJs
— Ignatius DeFi (@DefiIgnas) January 20, 2025
Before this jump, the volume of trading on Solana’s decentralized exchanges averaged $5 billion.
Source: X.
As a result, the ratio of the total turnover of DEX to the corresponding indicator on CEX jumped to 19%.
Source: X.
Blockworks analyst Dan Smith calculated $28.2 billion as of January 18 and $39.2 billion the next day. The last value was formed by the Trump family token trade ($12 billion), the SOL-USD pair ($12.9 billion) and the exchange of stablecoins ($1.5 billion).
Solana sets back to back DEX volume all time highs with $28.2B yesterday and $39.2B today
Today we saw
– $12B on Trump Family Tokens ™️
– $12.9B SOL-USD
– $1.5B in stablecoin swaps pic.twitter.com/CgVHuTJeqg— Dan Smith (@smyyguy) January 20, 2025
The team of Phantom wallet, popular in Solana, reported record online activity. According to the estimates of its representatives, on January 19, users made 10 million transactions worth $1.25 billion.
Transactions are landing much smoother now and all systems should be back to normal.
Despite all the challenges, our users swapped over $1.25B in volume and made 10M transactions today.
Huge thanks to the @0xMert_/@heliuslabs and @ethanyish/@AlliumLabs teams for helping us…
— Phantom (@phantom) January 20, 2025
According to Ignas, Solana’s success was made possible by the flow of funds from Arbitrum, Ethereum, Base and BNB Chain. According to DeBridge, weekly receipts were $300 million, outflows for the same period were $140 million.
Source: X.
TVL blockchain has grown to $11 billion, surpassing the value before the collapse of FTX. Solana’s share in the sector increased to 9.06% (January 20 — 9.54%), according to DeFi Llama.
Source: DeFi Llama.
On the day of Trump’s launch, the SOL/ETH rate showed one of the record gains of 25.4%.
Source: X.
Ignas noted the side effect of strong on-chain metrics in the form of “hanging” transactions for some users and a jump in fees. The total collection of that day amounted to $57 million.
Source: X.
The expert urged not to “inflate” the topic of “stable money” even taking into account the burning of 81% of the emission added per day.
Source: X.
We will remind, on January 19, the “meme token factory” Pump.fun based on Solana celebrated its first anniversary. Since its launch, the total revenue of the platform from commissions has reached $431 million.
Only 89 of the 2 million meme tokens on Pump.fun were successful
The source