Solana has emerged as the top decentralized exchange (DEX) in terms of volume, surpassing Ethereum in the past 24 hours with $3.99 billion in volume compared to Ethereum's $3.35 billion. While Ethereum had a higher growth rate of 29.24%, Solana's dominance in DEX volume has continued. However, over the past week and month, Ethereum has outpaced Solana in DEX volume, with $23.87 billion and $87 billion respectively. Despite Solana's success in DEX volume, Ethereum remains the dominant chain in terms of overall DeFi Total Value Locked (TVL) with $53.679 billion compared to Solana's $7.09 billion. Solana proponents believe that the prospective approval of a Solana ETF by the SEC could further boost the coin's growth metrics and give it an advantage over Ethereum.



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