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🌙 Cumulative Solana DEX Volume Approaches $1 Trillion

Strong performances from Raydium, Orca, and Meteora amid memecoin mania are driving the volume surge.

Author

Mike Gavela
December 13, 2024

In partnership with

Crypto Roundup - December 13

In recent developments, Solana's decentralized exchanges (DEXs) have experienced a significant surge in trading activity, with cumulative volumes nearing the $1 trillion mark. This growth is attributed to increased user engagement and the network's low transaction fees. Concurrently, World Liberty Financial, a decentralized finance (DeFi) project associated with the Trump family, has received governance approval to deploy an Aave V3 instance on the Ethereum mainnet, aiming to enhance its DeFi offerings. In the political arena, Republicans have nominated pro-crypto representatives to lead key House committees, signaling a potential shift towards more crypto-friendly legislation.

Top Stories

  • Solana's DEX trading volumes have surged, approaching a cumulative total of $1 trillion, highlighting the network's growing prominence in the DeFi sector.

  • World Liberty Financial secures governance approval for deploying an Aave V3 instance on Ethereum, aiming to expand its decentralized finance services.

  • Republicans nominate pro-crypto representatives to chair influential House committees, indicating a legislative shift that could favor the cryptocurrency industry.

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TOP STORIES

Cumulative Solana DEX Volume Approaches $1 Trillion - "The Defiant"

Strong performances from Raydium, Orca, and Meteora amid memecoin mania are driving the volume surge.

thedefiant.io/news/defi/cumulative-solana-dex-volume-approaches-usd1-trillion

World Liberty Financial’s Governance Approves Aave Deployment - "The Defiant"

World Liberty Financial's first governance has passed, paving the way for the project to launch an instance of Aave v3.

thedefiant.io/news/defi/world-liberty-financial-s-governance-approves-aave-deployment

Republicans nominate pro-crypto reps to lead key House committees 

Rep. French Hill was nominated to chair the House Financial Services Committee.

blockworks.co/news/republican-nominees-for-house-committees

FUNDRAISING

OTHER HEADLINES

Nasdaq expected to announce MicroStrategy’s inclusion in Nasdaq-100 today

MicroStrategy is poised for potential inclusion in the Nasdaq-100, despite concerns over its classification due to Bitcoin holdings.

cryptobriefing.com/microstrategy-nasdaq-100-inclusion

Coinbase sued over WBTC delisting by Justin Sun-affiliated BiT Global

Justin Sun-affiliated BiT Global sued Coinbase over its decision to delist WBTC and favor its own competitor, cbBTC.

protos.com/coinbase-sued-over-wbtc-delisting-by-justin-sun-affiliated-bit-global

Austin Man Sentenced to Two Years in Prison for Underreporting $4M in Bitcoin Gains - "The Defiant"

An Austin, Texas, man was sentenced to two years in prison for filing a tax return falsely reporting capital gains from selling around $4 million in Bitcoin (BTC).

thedefiant.io/news/regulation/austin-man-sentenced-to-two-years-in-prison-for-underreporting-usd4m-in-bitcoin-gains

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