Has Solana quietly become the new battlefield for coin launches? Just look at the data for $ZEC and $MON to understand.

Question

[Coin World] Why is Solana becoming more and more popular? To put it simply, it boils down to three main advantages: the transaction fees are so low they can be ignored, transaction confirmations are incredibly fast, and there is a well-functioning Decentralized Finance ecosystem. Recently, the cases of $ZEC and $MON illustrate this issue very well.

The numbers are the most intuitive—$ZEC just bridged over, and the daily trading volume on DEX skyrocketed from $400,000 to over $52.9 million. Who wouldn't be envious of such an increase? $MON is even more exaggerated, achieving a transaction volume of $201 million in less than 10 days.

There is actually an interesting change behind this: many people no longer wait for CEX to launch, and instead directly start trading on Solana's DEX. With sufficient liquidity and deep order books, transactions can be executed at any time. This way of playing is becoming the new normal, and for those looking to grab early tokens, Solana has become a battleground.

DAOTruant · Accepted Answer

The increase of 52.9 million is indeed outrageous, but the key is whether the Liquidity is deep or not.

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The logic of DEX directly eliminating CEX listings, this tactic wasn’t this strong before, right?

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However, with the recent surge in the Solana ecosystem, it feels a bit overhyped...

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Wait, did MON really break 200 million in transactions in two weeks? Is this number too inflated?

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The transaction fees are cheap, but I&#39;m worried about the day when the network gets congested again.

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Now, there’s no need to wait for the exchange; they are directly using DEX, which is the real flavor of Decentralization.

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The fact that old coins like ZEC are trying to ride the wave shows that Solana is indeed on fire.

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Thick Liquidity and deep Order Book sound good, but whether actual trading will get squeezed is still a question.

BlockchainWorker · Answer

Wow, the increase of $ZEC has left me speechless, the transaction fees on Solana are indeed fierce.

The Solana chain should have been this popular long ago, stop messing around with other public chains.

$MON has a trading volume of 200 million in ten days? I didn&#39;t get in on it, but just watching it is satisfying.

This is a true liquidity pool, it doesn&#39;t matter when CEX gets involved.

Solana has really become the main battlefield for grabbing chips, I regret not entering a position earlier.

This data looks reliable, DEX is directly doing the work of CEX, times have changed.

bridge_anxiety · Answer

To be honest, when I saw the data for $ZEC, I knew Solana was stable this time. The transaction fees are truly lethal.

DEX directly overturning CEX? This is the future, who is still waiting for listings?

$MON 200 million in ten days? I don&#39;t have that kind of reaction speed, but those who did catch it have indeed made a profit.

With the Solana ecosystem getting so competitive, other public chains must be anxious.

I&#39;ve always said that transaction speed is the key; now you all understand, right?

This new coin battlefield is shifting, and I feel the landscape is about to change.

AlwaysQuestioning · Answer

This wave of sol does have some substance, but I just want to ask, how much of this data reflects real demand and how much is pure speculation?

AirdropChaser · Answer

To be honest, SOL&#39;s recent operations are indeed fierce, but I am more concerned about when I can actually get some real benefits from DEX. Right now, it&#39;s all rat trading running ahead.