Solana's decentralized exchange (DEX) trading volume has surged by 323.3% in the last seven days, reaching $120.6 billion. This has led analysts to consider if Solana can compete with Ethereum and become the top Layer 1 blockchain by 2025. While Ethereum's DEX trading volume saw a 47.58% increase to $24.7 billion, the majority of this surge was driven by Uniswap. Solana's top DEX, Raydium, experienced a 236% increase in trading volume. Analysts believe that Solana's unique "proof of history" protocol, which allows for high throughput and efficiency, positions it to be a market leader. The recent Firesancer update aims to improve scalability and network security. Solana's growing ecosystem and stablecoin infrastructure are also contributing to its popularity. CoinMarketCap data shows that Solana is experiencing higher trading activity compared to Ethereum. Bitwise Europe analysts predict a 3,000% increase in Solana's price by 2030, making it a potential challenger to Ethereum by 2025.



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