After 1inch expanded the Solana ecosystem, it regained its dominance as a DEX aggregator with a market share of 60% in May

PANews reported on June 6 that according to The Block, DEX aggregator 1inch has regained its market dominance by expanding the Solana ecosystem, with its market share soaring to 60% in May, doubling from the low point in March. Data shows that after its Solana version went online at the end of April, it accurately captured the MEME coin trading boom on the chain, pushing the platform's total transaction volume to US$31.5 billion, accounting for 60% of the industry's historical peak transaction of US$5.2 billion.

This strategic expansion has significantly changed the competitive landscape, and competitors such as CoW Swap and Kyber have been squeezed. Analysts pointed out that Solana currently carries 86% of new token issuance (Base chain accounts for 10%), and 1inch's rapid success may force other aggregators to accelerate multi-chain layout. This market share reshuffle shows that in the context of MEME coin transactions continuing to generate high fees, the choice of ecosystem has become a key variable in the competition among DEX aggregators.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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