{"id":20740,"date":"2025-01-29T12:30:26","date_gmt":"2025-01-29T10:30:26","guid":{"rendered":"https:\/\/forklog.com\/en\/meteora-dex-on-solana-sees-trading-volume-soar-to-37-billion-monthly\/"},"modified":"2025-01-29T12:30:26","modified_gmt":"2025-01-29T10:30:26","slug":"meteora-dex-on-solana-sees-trading-volume-soar-to-37-billion-monthly","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/meteora-dex-on-solana-sees-trading-volume-soar-to-37-billion-monthly\/","title":{"rendered":"Meteora DEX on Solana Sees Trading Volume Soar to $37 Billion Monthly"},"content":{"rendered":"<p>In January, the decentralized exchange (DEX) Meteora, part of the Solana ecosystem, recorded a trading volume of $37 billion. The previous month, the figure stood at $990 million, according to data from <a href=\"https:\/\/www.theblock.co\/post\/337467\/solana-based-meteora-hits-unprecedented-33-billion-in-trading-volume-in-january\">The Block<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"301\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/DEX-Volume-Google-Chrome-1024x301.jpg\" alt=\"DEX-Volume-Google-Chrome\" class=\"wp-image-250685\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/DEX-Volume-Google-Chrome-1024x301.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-Volume-Google-Chrome-300x88.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-Volume-Google-Chrome-768x226.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/DEX-Volume-Google-Chrome.jpg 1495w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: The Block.<\/figcaption><\/figure>\n<p>The DEX increased its market share to approximately 9% and entered the top five in trading volumes within the segment.<\/p>\n<p>Three of the five largest DEXs are now based on Solana. This reflects a broader trend of asset launches within the blockchain ecosystem, with 96% of new coins appearing on this network.<\/p>\n<p>Significant trading activity is linked to tokens associated with U.S. President Donald Trump. The daily trading volume of the politician&#8217;s &#8220;official&#8221; meme coin, TRUMP, reaches nearly $300 million.<\/p>\n<p>After reaching an all-time high on January 19, the token&#8217;s price has been trading sideways around $30. The asset&#8217;s market capitalization exceeds $5.5 billion, with a fully diluted valuation approaching $28 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"501\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Official-Trump-Price-TRUMP-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-2-1024x501.jpg\" alt=\"Official-Trump-Price-TRUMP-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-2\" class=\"wp-image-250684\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Official-Trump-Price-TRUMP-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-2-1024x501.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Official-Trump-Price-TRUMP-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-2-300x147.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Official-Trump-Price-TRUMP-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-2-768x376.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Official-Trump-Price-TRUMP-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-2.jpg 1170w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/official-trump\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>According to Coinbase&#8217;s Director of Product, Conor Grogan, the market is on track to launch 1 million tokens by the end of 2025. This casts doubt on the prospects of the anticipated altseason.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">There are 36.4+ million crypto tokens today. We are on pace to have 100 million tokens by the end of 2025<\/p>\n<p>To put in perspective, the 2017-2018 &#8220;alt season&#8221; had just <3000 tokens and the 2013-2014 alt season had <500 tokens <a href=\"https:\/\/t.co\/p1qkCAwwUn\">pic.twitter.com\/p1qkCAwwUn<\/a><\/p>\n<p>\u2014 Conor (@jconorgrogan) <a href=\"https:\/\/twitter.com\/jconorgrogan\/status\/1882833028113903996?ref_src=twsrc%5Etfw\">January 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The expert noted that during the previous similar market phase in 2017-2018, the total number of coins did not exceed 3,000. Grogan believes the sharp increase in numbers leads to a dilution of investor interest.<\/p>\n<p>In January, the &#8220;meme token factory&#8221; Pump.fun on Solana celebrated its first anniversary, having radically simplified and reduced the cost of issuing digital assets.<\/p>\n<p>At the end of the month, the platform&#8217;s daily fee volume reached a record $15.4 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In January, the decentralized exchange (DEX) Meteora, part of the Solana ecosystem, recorded a trading volume of $37 billion. The previous month, the figure stood at $990 million, according to data from The Block. Data: The Block. The DEX increased its market share to approximately 9% and entered the top five in trading volumes within [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1159,958],"class_list":["post-20740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-solana-sol","tag-trading-volume"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20740"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20739"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}