Ethereum and Solana have been locked in DeFi dominance battle and market data shows that there is a clear winner.
Solana managed to edge out Ethereum by DEX volume in Q1 2025 and it is on track to wind up April in the lead.
Solana DEX TVL in April reveals that it has so far maintained its lead. This is despite Ethereum’s attempt to secure a leading position, especially with the launch of Berachain and Sonic Labs.
The latter have been attracting robust volumes and even managed to outperform Ethereum layer 2 heavy weights such as Optimism and Polygon.
On-chain data indicated that Solana DEX volume recovered considerably since March. Its DEX volume in April has so far crossed the $50.7 billion mark, giving it a solid lead over Ethereum.
Solana DEX volume/ source: DeFiLlama
For context, the Ethereum blockchain’s DEX volume during the same period added up to $39.664 billion. This highlights Solana’s robust lead which may also shut down concerns about Solana being rel
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