Bittime – Three decentralized exchange (DEX) platforms have stood out for their significant trading volumes. Raydium, Jupiter, and Orca have been in the center of public attention.
Because the three DEXs experienced a significant surge in the last 24 hours, with Raydium leading the way with a trading volume of almost $2.2 billion (around Rp34.562 trillion), outperforming Ethereum's Uniswap V3 which only recorded $1.1 billion (around Rp17.281 trillion).
Solana Seizes DEX Market Share
Raydium and Jupiter, both based on the Solana blockchain, have taken over significant market share. Raydium currently has 20.8% of the total DEX trading volume, while Jupiter follows with 16.2%. In comparison, Uniswap V3 has only 10.7% of the market share, placing it third, followed by Binance Smart Chain's Pancakeswap V3.
The latest data from The Block shows that weekly trading volume on Solana has surpassed Ethereum over the past four months, with Solana's weekly trading volume to Ethereum's ratio now standing at 29.41%, a sharp increase from 10.71% in early December 2023.
Check the Crypto Market Today:
Solana Sets New Record
On March 15, Solana's market capitalization reached a new peak, with SOL up 6.17% in the last 24 hours, trading at $204.23 at 10:37 a.m. ET. This rise marks positive momentum for this ever-growing blockchain.
With these recent developments, Raydium, Jupiter, and Orca have not only demonstrated their strength in the DEX market, but also confirmed Solana's blockchain position as a major player in the global cryptocurrency ecosystem.
Check Crypto Price Today:
How to Buy Raydium (RAY) on Bittime
You can buy and sell Raydium (RAY) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Raydium (RAY) is available on Bittime with the RAY/RID market pair. To be able to buy RAY IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Raydium (RAY) on Bittime.
Monitor the price chart movements of Raydium (RAY), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Jupiter (JUP): What It Is and How It Works
Top 5 Solana-Based Crypto Assets to be Bullish in 2024
Meme Coin Trend Increases, Transactions on Solana DEX Break Record Highs!
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.