Solana’s market share on decentralized exchanges rose from 0% in early 2021 to 24% in May 2024, thanks to a similar approach to Apple’s macOS, said Pantera Capital.
Over 60% of the incremental volume in decentralized exchanges in May was recorded on the Solana blockchain, according to data compiled by venture capital firm Pantera Capital.
Behind this growth is a monolithic architecture, said Pantera in a June 18 report, calling the network the macOS of blockchains.
Solana’s share of DEX volume has risen from 0% in early 2021 to 24% by May 2024, thanks to an approach similar to Apple’s macOS architecture that integrates hardware and software for superior performance. According to Pantera, Solana’s architecture has enabled a surge in retail activity over the past few months:
