Solana DEX Trading Volume Falls, Here Is Why?

• DEX volume on the solana network has decreased.
• Arbitrum’s TVL reached a new ATH.

The trading volume of decentralized exchanges (DEXs) that function on the Solana network has rapidly decreased. Despite the Solana network having seen high levels of activity, there has been a decline in interest in its DEXs, as demonstrated by the network’s declining number of DEX transactions. 

And also there has been a drop in interest in Optimism network’s DEXs, as shown by the network’s declining volume of DEX transactions. According to DeFiLlama’s on-chain data, trading activity on Solana-based DEXs dipped to $33.5 million on March 31. 

According to certain sources, the decline in DEX volume on the Solana network may be due to the poor performance of DeFi protocols such as Saber and Radium. However Arbitrum and Polygon’s decentralized exchange (DEX) trade volumes have also increased.

As per DeFillama data, the Arbitrum’s DEX transaction flow reached a new all-time high (ATH) in each of the last two weeks. Uniswap, SushiSwap, ZyberSwap, Camelot, and Balancer were the top five DEXs on Arbitrum. Trading volume on these platforms improved over the past week as well.

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