Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282 billion recorded by Ethereum trading platforms.
Solana Surges Past Ethereum in Dex Volume
Solana’s recent price surge, coupled with a multitude of airdrops, has propelled the layer one (L1) blockchain’s dex volumes to new heights. Conversely, trade volume for solana (SOL) on centralized exchanges lags behind that of Ethereum. Data from Deflllama.com confirms that both the 24-hour and weekly dex volumes for Solana have exceeded those of Ethereum.
Recent data shows Solana platforms’ daily dex volumes have surged to $1.447 billion, marking a 12.87% increase over Ethereum dex applications’ $1.282 billion. Over the past seven days, Solana’s decentralized exchanges have amassed $10.786 billion, overtaking Ethe
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