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Solana’s DEX ecosystem sees remarkable growth with Raydium leading in volumes and liquidity.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Solana’s DeFi landscape is witnessing an unprecedented surge, with its decentralized exchanges (DEXs) recording monumental trading volumes and liquidity figures this year. From a stellar growth in DEX volume, reaching a staggering $26.7 billion in March, to the dramatic rise in the number of organic traders, the evidence points toward a thriving ecosystem. This revelation underscores the sophisticated dynamics at play within Solana’s DeFi ecosystem. But the real question remains: How does the activity driven by bots affect the overall health and future prospects of Solana’s DeFi market? Dive into the full analysis to discover the implications of this bot-driven phenomenon and Solana’s strategies to sustain its burgeoning DeFi dominance.
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Connect a Solana self-custody wallet (Phantom, Solflare or Torus).
Stake 20k ACS (native token of Access Protocol) to the CryptoSlate pool.
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
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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 is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX).
Orca is one of the first general-purpose AMMs launched on Solana.
HackaTRON Season 6 welcomes top industry leaders as judges and introduces a record-breaking prize pool to foster blockchain innovation.
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