Solana DEXs must focus on building resilient markets
Solana DEXs dominate volume through memecoins but lack liquidity depth for sustainable growth. Bitcoin and stablecoins offer resilience beyond speculation.
Opinion by: Lynn Nguyen, CEO of Saros
Decentralized exchanges (DEXs) on Solana have been topping trading volume charts for a while now, outperforming those on peer chains like Ethereum, Base and BSC.
Memecoins have been largely responsible for this surge in volume. While they have proven product-market fit in crypto, only a handful have demonstrated the ability to survive across market cycles.