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Solana DEX Trading Volume Drops to $2.61B, Lowest Since Mid-December

  • Solana DEX's trading volume dropped to $2.61 billion on February 16, the lowest since mid-December.
  • Raydium and Orca experienced significant decreases in volume, while Meteora saw an 18% increase.
  • Solana's DEXs recorded a total trading volume of $20.2 billion for the week ending February 16, continuing a five-week decline.
  • The decrease in Solana's DEX volume can be attributed to the fading enthusiasm for meme coin trading and other market pressures.

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