Solana Dex trading volume decreases to $ 2.61 billion, which is the lowest level since mid -December

Solana Dex trading volume decreased to $ 2.61 billion on February 16, continuing its declining track and reaching its lowest level since mid -December.

While the size of Raydium decreased by more than 45 % and Orca decreased by approximately 30 % last week, Meteora highlighted this trend with an increase of 18 %.

According to Data DEFILALAMA’s decentralized stock exchanges of Deflalama witnessed about 20.2 billion dollars in the trading volume for the week ending February 16, and continued to decrease five weeks. The volume of pioneering transactions in the 1 chain fell 28 % in the previous week, reaching $ 31.8 billion by February 10. Decreased activity on Solana Dexs is in line with a broader shrinkage.

Meteora reported the most activities as the top of $ 658 million, and closely follows Raydium in the amount of 836.37 million dollars. ORCA is third with $ 544.4 million.

Solana’s Dex is partially low due to the faded enthusiasm for the trading of the MG currency, which has risen since the beginning of the bull race. With many emerging coins and disappearance, traders appear to be growing in frequent pumps and discharge cycles, rug withdrawal, and trading from the inside.

It was a similar feeling Repeat By Cryptoquant Axel Adler Junior, who said that the metal coins negatively affect the Solana ecosystem, while increasing the investor’s confidence in recent events. The clouds of the main rug that include the scale, which contributed to the decrease of Sol – decreased by more than 10 % last week and decreased by 40 % of its peak in January.

In addition to market pressure, 11.2 million Sol will be opened on the first of March. These symbols were initially sold during FTX’s bankruptcy and were later obtained by companies such as Galaxy, Pantera and Figure.