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Coinscreed
Coinscreed
Trader Joe Launches Experimental DN-404 Token
6 days ago
Crypto
AVAX,ARB,BNB
JOE(JOE)

$0.47

1%

Market Cap
169.68m
 

1%

Volume (24h)
4.18m
 

12.23%

Released on 25 Aug 2021
Crypto
ETH,BNB
FLOKI(FLOKI)

$2.81e-5

1.32%

Market Cap
268.90m
 

1.32%

Volume (24h)
10.52m
 

62.50%

Released on 09 Jul 2021
Crypto
AVAX,ARB
SteakHut Finance(STEAK)

$1.30

-8.14%

Market Cap
N/A
 

Volume (24h)
28.86k
 

197.21%

Released on 24 May 2022
TopCryptoNews
TopCryptoNews
followers

Solana is gaining market share in all key blockchain industries like Decentralized Exchanges (DEX), gaming, and Decentralized Public Infrastructure (DePIN). In this case, it has become the biggest layer 1 competitor to Ethereum, which has long dominated these industries. Orca and Jupiter’s market share Jupiter and Orca, the two biggest decentralized exchanges in Solana, have moved into the top ten in terms of volume. According to CoinGecko, Jupiter handled over $353 million in volume in the past 24 hours, making it the second one after Ethereum’s Uniswap V2. Its monthly site visits have jumped to over 6.6 million, meaning that it is growing in popularity. As shown below, Jupiter’s normalised volume has jumped in the past few weeks. Orca, on the other hand, had over $217 million in volume in the past 24 hours, making it the third-biggest DEX in the world. Like Jupiter, its normalised volume has been in a strong upward trend in the past few months. The most popular assets traded in the ecosystem are Wrapped Solana, USDC, Jito Staked SOL, and Jupiter’s JUP. These exchange volumes mean that Solana is finally moving to an industry that Ethereum has dominated for a long time. A closer look at the volume flows also show that the other popular decentralized exchanges in the industry are PancakeSwap, dYdX, THORSwap, and Trader Joe. Solana’s market share in DePIN Solana is also growing its market share in other industries. For example, it has become the biggest player in the Decentralized Public Infrastructure (DePIN) industry. Helium a DePIN network in its ecosystem, has continued to gain share in the broadband sector. Render Network, which was previously in Ethereum, is providing decentralized GPUs while Hivemapperis disrupting the mapping industry that is now dominated by the likes of Google and Apple. All this explains why Solana has outperformed Ethereum in the past few months. While Ethereum has just doubled in the past 12 months, Solana is up by over 400% and the trend could continue in the near term. Solana vs Ethereum Developers and users love Solana because of its strong speeds in that it can handle over 3,000 transactions per second (TPS). Ethereum can barely handle 50. Also, it has much lower transaction costs. However, one of the biggest challenges that Solana goes through is outages. Last week, it had a long outage that disrupted transactions in the network. $SOL $JUP #SOL #jup #Write2Earn #TrendingTopic

10 days ago

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