Ethereum last month $1,874.82It rose to the first place in terms of transaction volume among the decentralized transaction platforms. This development took place in parallel with the decrease in Solana, which is preferred for Memecoin.
Market status
In March, the total transaction volume on Ethereum -based platforms was recorded as approximately 64.616 billion dollars. Solana, on the other hand, did not prevent Ethereum in a similar segment with a volume of $ 52.62 billion. The total value of the crypto currency market decreased by 4.2 %to $ 2.63 trillion. This continued the effects of the 20 %loss in the previous month.
Platform performances
UNİSWAP, one of the leading platforms in Ethereum’s prominence, reached a transaction volume exceeding $ 30 billion. On the other hand, the Fluid platform took the second place in the Ethereum ecosystem with a trading volume of approximately 9 billion dollars. Raydium, one of the Solana -based platforms, could not reach record levels. In March, Raydium did not observe the transaction volume exceeding $ 1 billion in any day; The 13 billion dollar figure was reached on 18 January.
According to Nic Carter, the increase in Ethereum’s inflationary token economy structure and popular layer 2 solutions led to the withdrawal of the main network operations.
Price movements and market trends
In March, Ether, Ethereum’s local token, fell to $ 1,822, losing 18 %. In Solana’s left tokene, a similar decrease in a similar scale was weakened with a 15.8 %loss. Decreased interest in Memecoin procedures negatively affected the transaction volume on Solana.
This situation in the market has caused investors to be cautious in the light of macroeconomic uncertainty and strategic reserves. Ethereum’s success in Dex volume reflects the performance of the platform’s technical infrastructure and actors in the ecosystem. It is recommended that investors closely monitor these trends in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
