CandleFocus

Solana DEX Volume Skyrockets by 45%, Leaving Ethereum in Dust

Solana has recently surpassed Ethereum in weekly decentralized exchange (DEX) volume, with a 45.74% surge in the past week. Solana processed $1.116 billion in DEX volume over the last 24 hours and reached a monthly high of $1.34 billion on September 26. This renewed momentum is due to Solana's high-speed and low-cost transactions. In contrast, Ethereum's DEX volume only grew by 1.3% over the past week, currently standing at $1.02 billion. Solana's cumulative figure remains slightly below Ethereum's $8.335 billion due to Ethereum's larger pool of decentralized exchanges. Leading Solana-based DEX platforms include Raydium and Orca. Uniswap continues to lead in the Ethereum ecosystem with $5.4 billion in volume over the past week.

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