Solana’s (SOL) upside momentum has garnered significant attention, especially after overtaking Ethereum (ETH) to become the number one DEX with the highest volume. Meanwhile, Borroe Finance’s ($ROE) presale has also recorded impressive performance since it commenced, but can it overhaul these top altcoins? Read further to find out.
Solana Surpasses Ethereum’s DEX Volume
Solana (SOL) has relieved Ethereum (ETH) as the largest smart contract blockchain in terms of trading volume. DeFiLlama, an on-chain activity tracker, observed and reported this exciting growth in an update on March 20. In the last eight days, the Solana-owned decentralized exchanges (DEX) noted a 67% increase in volume to $21.3 billion.
On the other hand, Solana’s rival, Ethereum, saw a mere 3% boost to $19.4 billion. The Solana (SOL) blockchain hosts 17 DEXes, and Orca, the largest SOL-based DEX, controls 88% of the trading volume on Solana. Meanwhile, Uniswap spearheads the cluster of 46 DEXes on Ethereum.
DEX Screener, an aggregator for DEX activities, showed that the top trending tokens in the last 24 hours were Solana-based. On March 13, Solana (SOL) achieved an incredible feat as 2,300 new meme coin pairs launched within one hour, and stablecoin supply on Solana clinched a multiyear high of $2.80 billion.
Solana’s edge against Ethereum boils down to its capital efficiency, allowing SOL users to trade with higher volumes and less dollar assets locked.
Solana (SOL) is up 1.5% from $176.65 on March 15 to $179.46 on March 21. Experts noted that SOL will reach higher levels from its current price as momentum builds, suggesting $185.00 as a potential target. Reaching this level demands a 3.0% increase in the cost of SOL.
Borroe Finance Gains Upside Momentum, Catches Up With Solana
Similar to Solana (SOL), Borroe Finance ($ROE) has also recorded significant ecosystem growth, marked by increased net funding.
According to recent data, Borroe Finance ($ROE) has generated over $3.4 million in presale funding, an incredible feat for an emerging DeFi-based project. This information suggests that Borroe Finance ($ROE) is one of the top ICO projects gaining significant upside momentum.
Borroe Finance, among the new DeFi projects, stands out in several areas based on its expansive use cases. For instance, Borroe Finance is a platform that enables future earning owners to swap their posterity revenue for immediate cash flow. The invoices, subscriptions, and royalties are minted as NFTs and sold to supportive communities at subsidized costs.
Borroe Finance ($ROE) seeks to calm the financial storm in the Web3 domain via a multifaceted approach. First is the marketplace to trade future earnings; another is its lucrative presale that allows enthusiasts first-hand access to $ROE while making a profit; lastly, stakers may engage its dApps and contribute to its liquidity pool for rewards.
$ROE is a Polygon-native coin with the potential to experience astronomic growth, especially after its exchange listing. During its presale, early investors were able to grow their portfolio 100% as the token’s price rose from $0.01 to $0.02.
With $ROE in the final lap, investors anticipate another 25% profit before Borroe Finance crosses the finish line at $0.025. Borroe Finance ($ROE) will start trading at $0.025 after its exchange launch, allowing late investors to ape into the project at a low price range.
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