The post Solana outperforms Ethereum despite 10% price drop appeared first on Coinpedia Fintech News
Solana (SOL) the world’s fifth-biggest cryptocurrency has outperformed Ethereum (ETH) in terms of price surge and trading volume over the last 30 days. Today, on August 1, 2024, a blockchain media outlet Wu Blockchain made a post on X (previously Twitter) stating that Solana has surpassed Ethereum in monthly Decentralized Exchange (DEX) trading volume.
Solana outperforms Ethereum
According to the post on X, this is the first time since July 2024, that Solana’s monthly DEX trading volume reached $55.876 billion, while Ethereum experienced a monthly DEX trading volume of $53.86 billion only.
Besides Solana’s monthly DEX trading volume, other chains have also performed impressively well. According to an on-chain analytic firm DefiLama, chains such as Arbitrum, BSC, and Base have experienced a monthly trading volume of $24.569 billion, $17.888 billion, and $15.554 bil
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