Solana continued its good performance in December, as meme coins helped it gain market share against Ethereum and other blockchains.

according to Davey's callSolana (Sol) Protocols in the decentralized exchange industry were the most active in December.

Trading volume rose to more than $97 billion, which is much higher than the $22.6 billion it handled in the same period last year.

It is worth noting that this is the third month in a row that Solana has outperformed Ethereum (Ethereum) which has dominated the industry for years. Ethereum's protocol volume reached over $74 billion, while Base and Arbitrum handled $42 billion and $37 billion.

Solana also performed great in November, with its DEX network volume reaching $129 billion, higher than Ethereum's network volume of $70.6 billion. A month earlier, Solana handled $52 billion in trading volume, while Ethereum processed $41 billion.

Most of Solana's direct trading volume was due to Rhydium (opinion), a network that has handled $65 billion worth of coins in the last 30 days. Orca transacted US$24 billion, while Lifinity, Pump and Phoenix had trading volumes of more than US$5.93 billion.

Solana's live trading volume jumped because Same angle The industry, which has continued to perform well this year. Solana has attracted thousands of memes this year, helped by the creation of Pump, the largest token generator. All Solana meme coins contain The market capitalization is more than $14.1 billionLed by Bonk, Dogwifat, Popcat, and Peanut the Squirrel.

This growth has been very profitable for Solana and its native applications. All native Solana applications It achieved record revenues of $365 million In November, a record high. Likewise, according to TokenTerminal, Solana's blockchain generated a record $725 million in fees in 2024, making it the third most profitable chain after Ethereum and Tron.

Developers and users love Solana for its low graphics and high throughput.

Base, the second layer network launched by Coinbase, was also a big star in 2024 as its total fees rose to more than $82 million. It has become the largest tier 2 network in the blockchain industry, with its DEX networks handling more than $181 billion in assets, while its total value locked has risen to $2 billion.