It is not the first time it happens, but the fact that the volume of trades on decentralized exchanges on Solana has exceeded that of DEX on Ethereum always makes headlines.
Ethereum not only has existed since 2015, but has been dominating the world of DeFi uncontested for years now.
Solana instead landed on the crypto markets just under four years ago, but has transaction fees that are far lower.
Solana’s Overtake on Ethereum
It should be noted, however, that in terms of key metrics Solana has not yet surpassed Ethereum.
By market capitalization SOL (the native cryptocurrency of Solana) is around 75 billion dollars, just surpassed by BNB with 78. ETH, the native cryptocurrency of Ethereum, is still on another level, with 386 billion dollars.
For TVL (Total Value Locked on DeFi protocols), Ethereum surpasses everyone with its 46 billion dollars, with Solana in fourth place with only 3.7 billion, surpassed also by Tron as well as BSC. However, the majority of TVL on
We współpracy z: https://en.cryptonomist.ch/2024/03/20/solana-surpasses-ethereum-on-dex/
