News Explorer — Solana DEX Volume Beats Ethereum for First Time

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Dec 21, 4:55 pm

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Solana DEX Volume Beats Ethereum for First Time

Solana's decentralized exchanges (DEXs) have surpassed Ethereum's in transaction volume over the past week, reaching $9.03 billion compared to Ethereum's $8.836 billion. This achievement is attributed to Solana's lower gas fees and the popularity of meme coins like BONK and WIF. However, Ethereum still maintains a significantly larger market capitalization than Solana.

Solana's decentralized exchanges (DEXs) have surpassed Ethereum's in transaction volume over the past week, reaching $9.03 billion compared to Ethereum's $8.836 billion. This achievement is attributed to Solana's lower gas fees and the popularity of meme coins like BONK and WIF. However, Ethereum still maintains a significantly larger market capitalization than Solana.

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