Solana Q1 Status Report: Average daily spot DEX trading volume increased 319% month-on-month to $1.5 billion

Messari released Solana’s 2024 Q1 status report. Solana’s average daily spot DEX trading volume increased by 319% month-on-month to US$1.5 billion. Solana has become the primary venue for retail users and memecoin traders. Projects built primarily on Solana raised $89.2 million in the first quarter, $2.5 million more than the total raised in all of 2023.