Announcements Gate Research: Solana DEX Trading Volume Drops 95% from January Peak, Veda TVL Surpasses $2B

Gate Research: Solana DEX Trading Volume Drops 95% from January Peak, Veda TVL Surpasses $2B

2025-03-12 10:23:37 UTC 2564 Read

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Gate Research Daily Report: March 12, Bitcoin price rose 3.52% to $82,338.6, while Ethereum price rose 0.86% to $1,879.61. Yei Finance TVL surpassed $170 million. Veda TVL surpassed $2 billion. Solana DEX trading volume declined 95% from its January peak. Bubblemaps released BMT tokenomics. SEC delayed multiple spot cryptocurrency ETF approvals. The U.S. February core Consumer Price Index will be released tonight, with market expectations of a slight inflation decline.

- **Market Analysis**: Bitcoin price increased by 3.52% to 81,805.2 USD, while Ethereum price rose by 0.86% to 1,854.56 USD.
- **Top Performers**: The top performing altcoins in the last 24 hours are SAROS, AUCTION, and GIGA, which surged by 42.08%, 38.61%, and 45.45%, respectively.
- **Data Highlights**: Veda's total value locked (TVL) surpassed $2 billion, while Solana DEX trading volume has dropped 95% from its January peak.
- **Spotlight Analysis**: Bubblemaps has released tokenomics for BMT, and the SEC has delayed the approval of multiple spot cryptocurrency ETFs.
- **Market Opportunities**: *Mesh* aims to enable seamless, low-cost, and instant asset conversions. The company has completed an $82 million Series B funding round to accelerate product development and expand its API offerings, supporting hundreds of cryptocurrencies and payment platforms.

Explore today's details → <a href="https://www.gate.io/learn/articles/gate-research-solana-dex-trading-volume-drops-95-from-january-peak-veda-tvl-surpasses-2b/7263?pid=Web&ch=pswAC9tP&utm_campaign=TR_BEbDP27j&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=" target="_blank">Gate Research: Solana DEX Trading Volume Drops 95% from January Peak, Veda TVL Surpasses $2B</a>

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Gate.io Team
March 12, 2025

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Gate Research: Solana DEX Trading Volume Drops 95% from January Peak, Veda TVL Surpasses $2B

Gate Research: Solana DEX Trading Volume Drops 95% from January Peak, Veda TVL Surpasses $2B

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