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Solana's Trading Activity Shows Significant Decline as DEX Liquidity Shifts
Gate News bot message, data reveals a substantial decline in Solana's ecosystem activity. Launchpad volumes hit a 4-month low at $117M, while active wallet numbers dropped below 100,000. The daily graduates count decreased to 88.
Notably, BNB Chain has surpassed Solana in fee generation for four consecutive days, indicating a shift in trading activity across blockchain platforms.
The reduced activity in Solana's traditional trading venues corresponds with increased liquidity movement toward perpetual decentralized exchanges.