Solana ecological meme currency Slerf’s first-day trading volume exceeded all Ethereum-based DEXs

According to PANews, CoinDesk reported that the Solana ecosystem meme coin Slerf had a trading volume on its first day of launch that exceeded all Ethereum-based exchanges. Data from DEXScreener shows that the sloth-themed token Slerf had a trading volume of over $2.7 billion in the past 24 hours, including 800,000 transactions from 130,000 individual traders. Over $1.7 billion of these transactions were conducted through the Solana ecosystem DEX Raydium.

In comparison, DefiLlama data shows that decentralized finance applications on Ethereum accumulated a total processing volume of $2.3 billion, which represents all transactions settled on the Ethereum blockchain such as those from trading, lending, and borrowing applications.