Wednesday December 11, 2024 ▪
3
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In November 2024, Solana-based decentralized exchange (DEX) Raydium surpassed Uniswap in monthly volumes for the second month in a row, according to a crypto report. this impressive performance is attributed to Raydium’s dominance within the Solana ecosystem, where it regularly captures over 60% of DEX’s daily volume.
Crypto: Raydium Uniswap is preferred in DEXs
In October, the Raydium DEX was already edging Uniswap by a narrower margin, but in November the gap widened, with Raydium seeing about 30% more volume, or about $30 billion more than Uniswap. This trend is mainly driven by the growing popularity of crypto memes, which accounted for 65% of Raydium’s monthly volume in November.
raydium’s success is also linked to Solana’s technical advantages, including its high processing capacity and low transaction costs, which attract crypto users looking for a faster and more cost-effective DeFi experience. In addition, Solana is a hub for memecoin trading, mainly due to the popularity of Pump.fun. this memecoin mining and liquidity bootstrap platform has generated over $100 million in fee revenue in the past 30 days.
What are the consequences for Solana (SOL)?
Solana (SOL) is up almost 2% in the last 24 hours and is currently trading around $217.60. Great Raydium performance growth could increase for SOL. Because, by increasing activity on Solana, and attracting more users and crypto transactions, it could strengthen the demand for SOL as a necessary token for transaction fees and participation. May cause an explosion!
Raydium’s rise reflects not only its relative strength compared to other DEXs on solana, but also Solana’s increase in overall market share in DEX volume.With strategic developments and continued growth, the Raydium DEX seems well positioned to hold a dominant position in the crypto ecosystem.
How are governments held accountable for meeting their climate commitments under international agreements like the paris Accord?
Interview between Time.news Editor and Climate Change Expert
Editor: Welcome to Time.news, where we dive deep into the stories that shape our world. Today, we have the privilege of speaking with Dr. Jane Thompson, a leading expert in climate change and sustainability. thank you for joining us, Dr. Thompson.
Dr. Thompson: Thank you for having me! it’s a pleasure to be here.
Editor: There’s been a lot of discussion recently about climate change and its implications. Could you give us a brief overview of the current state of global climate initiatives?
Dr. Thompson: Absolutely. As of 2024, we’re at a critical juncture. Countries around the world are grappling with the need to meet the targets set in the Paris Agreement, which aims to limit global warming to well below 2 degrees Celsius.While many nations have committed to ambitious targets, the reality is that we still see a meaningful gap between pledges and actual reductions in greenhouse gas emissions.
Editor: It sounds daunting. What do you think are the main challenges preventing countries from meeting their climate goals?
Dr. Thompson: There are several hurdles. Economics plays a huge role; shifting from fossil fuels to renewable energy requires substantial upfront investment.Additionally, political will varies considerably by country. Some nations are prioritizing short-term economic growth over long-term sustainability, which complicates collective action.
Editor: You’ve mentioned renewable energy. How crucial is the transition to renewables in combating climate change?
Dr. Thompson: It’s essential. The energy sector is one of the largest contributors to carbon emissions, and transitioning to renewable sources like solar, wind, and hydroelectric power is key to reducing our footprint. We also need advancements in energy storage and smart grid technology to facilitate this transition effectively.
Editor: Speaking of technology, what innovations are you most excited about in the fight against climate change?
Dr. Thompson: I’m notably excited about advancements in carbon capture and utilization technologies. These have the potential to directly remove CO2 from the atmosphere and convert it into useful products. Additionally, improvements in battery technology can lead to more efficient energy storage, making renewables much more viable on a larger scale.
Editor: That sounds promising! And what role can individuals play in this fight against climate change?
Dr.Thompson: Every bit counts. Individuals can make significant impacts by reducing their own carbon footprints. This can be through lifestyle choices such as using public transport, conserving energy at home, and supporting policies and businesses that prioritize sustainability. Collective grassroots movements can also put pressure on governments and corporations to act more decisively.
Editor: Lastly,what message do you hope to impart to our audience regarding climate action?
Dr. Thompson: I want to emphasize that it’s not too late to act.The window for change is closing,but with dedicated efforts from individuals,companies,and governments,we can still steer our planet toward a sustainable future. It’s crucial that everyone feels empowered to be part of the solution.
editor: Thank you, Dr. Thompson, for sharing your insights today. It’s clear that while the challenges are significant, there is also a considerable amount of hope and opportunity.
Dr. Thompson: Thank you! It’s been a pleasure discussing these important issues with you.
Editor: and thank you to our readers for tuning in. Stay informed and inspired as we address the pressing challenges of our time.
