Colin Wu: "Solana has surpassed Efirium in trading volume for the first time"

And first of all on ten memcoins with capitalization of up to $100 million competing for investors' attention. The expert drew attention to the fact that now the number of tokens has exceeded the amount of capital required for further growth in quotations:

"Solana in July surpassed Efirium for the first time in terms of monthly trading volume on decentralized exchanges, DefiLlama figures say. It is followed by Arbitrum ($24.569 billion), BSC ($17.888 billion) and Base ($15.554 billion)"
If Solana-ETF emerges, the demand for the ecosystem will increase among developers and investors, the cryptojournalist believes. Colin Wu drew attention to the information of the onchain platform, according to which in January - June, Efirium generated average daily fees of more than $10 million. In March, the average figure reached $15 million per day. However, since the second quarter, fees have dropped to around $3.5 million, and total revenue in July reached an average of less than $3 million, and the monthly drop in annualized fees for Efirium was 39%, the analyst said.
Earlier, Ki Young Ju, founder and CEO of analytics platform CryptoQuant, said that large traders have increased the number of altcoin purchase orders and are preparing for market growth.