A month in review: Solana’s DeFi protocols break new ground

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A month in review: Solana’s DeFi protocols break new ground A month in review: Solana’s DeFi protocols break new ground Andjela Radmilac · 1 hour ago · 2 min read

Newconomics Lisbon 2023

Solana’s DeFi protocols see impressive user growth and token appreciation.

2 min read

Updated: November 2, 2023 at 3:32 pm

A month in review: Solana’s DeFi protocols break new ground

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

In the dynamic Solana DeFi landscape, a shift is occurring in the relative user adoption of key protocols. While Orca’s Daily Active Users (DAU) decrease slightly, Raydium experiences a significant surge, but what about their transaction volumes? Solana’s native token, SOL, and the RAY token show impressive price appreciation, indicative of a bullish market… But is this growth a result of genuine adoption or are speculative forces at play? Discover the intriguing and potentially cautionary insights in our full Alpha article…

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