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Solana DEX Trader Count Crashes from 30 Million to 1 Million

From fxdailyreport.com

Solana, once touted as the top among rapidly-growing blockchain networks, is experiencing a sheer downturn in consumer activity. Thus, Solana’s DEX is witnessing a notable slump n the number of traders. As per the data from Dune Analytics, following hitting the peak of 30M per month, this number has been consistently dropping, now reaching extreme lows. As a result, by December, these traders are now reduced to just 1M. {tweet} In line with the exclusive market data, Solana’s decentralized exchange is showing a massive decline in the number of traders. This nosedive occurred following the top spot of 30M that took ... (full story)

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  • Category: Fundamental Analysis