YZY Token Drives Meteora to Solana Exchange Dominance, $1.183B Trading Volume Exceeds Raydium

Kanye’s YZY token has propelled the Meteora exchange to the top spot on Solana, achieving a record-breaking $1.183 billion trading volume in a single 24-hour period. This surge surpasses established competitor Raydium and marks a significant moment for the Solana decentralized finance ecosystem. The growth is attributed to high activity surrounding the YZY token’s integration within the platform. Meanwhile, stablecoin issuers like Tether and Circle contributed significantly to the overall $72 million in daily fees across various DeFi platforms.