Solana DEX Volume Reaches $60 Million, Leading Ethereum Since October
Solana is leading the decentralized exchange (DEX) volume, surpassing Ethereum and other smart-contract blockchains. Key points include:
- Solana-based DEXs recorded over $60 million in trading volume this month, compared to $34 million on Ethereum.
- In January, Solana achieved a trading volume of $258 billion, while Ethereum reached $86 billion.
- Solana's advantages include lower fees and higher throughput, attracting developers and users.
- Revenue for Solana this month is $25 million, exceeding Ethereum's $16 million; in January, Solana earned $124 million vs. Ethereum's $109 million.
- The SOL-ETH ratio peaked near 0.09 in January but has since dropped to 0.075.
- Solana's total value locked (TVL) is $9 billion, significantly below Ethereum’s $57 billion.