Ethereum

Solana

Daily

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<a href="https://u.today/solana-sol-meme-coins-take-center-stage-as-shib-pepe-floki-shed-gains" rel="noopener noreferrer nofollow">Solana</a> has outstripped all other blockchain platforms, including Ethereum, in daily and weekly decentralized exchange (DEX) volumes.&nbsp;
Recent data reveals Solana's volume has reached $1.447 billion over 24 hours and $10.786 billion over the past week.
<h2 id="the-leading-chains-by-dex-volumes">The leading chains by DEX volumes</h2>
Solana's ascension in the DEX volume rankings is a testament to its growing influence and adoption.&nbsp;
The blockchain now leads with a weekly DEX volume of $10.786 billion, surpassing Ethereum's $9.604 billion, Binance Smart Chain's (BSC) $3.429 billion, Arbitrum's $4.535 billion, Polygon's $1.618 billion, and Avalanche's $1.189 billion.&nbsp;
The daily volumes paint a similar picture, with Solana's $1.447 billion outpacing Ethereum's $1.282 billion.&nbsp;
These figures represent a significant realignment in the <a href="https://u.today/flippening-solanas-main-dex-outshines-uniswap" rel="noopener noreferrer nofollow">DEX market</a>, showcasing Solana's robust performance and rising prominence among traders and DeFi enthusiasts.
<h2 id="solana-s-multifaceted-dominance">Solana's multifaceted dominance</h2>
Beyond just DEX volumes, Solana has eclipsed Ethereum in several other critical metrics/&nbsp;
Notably, Solana has surpassed Ethereum in the perpetual futures trading volume, a critical indicator of market liquidity and investor interest. This metric reflects the market's confidence in Solana since perpetual futures are crucial for price discovery and liquidity in cryptocurrency markets.
With a market capitalization <a href="https://u.today/solana-sol-flips-bnb-to-become-fourth-biggest-coin" rel="noopener noreferrer nofollow">exceeding $50 billion</a>, Solana is cementing its position as a major force in the cryptocurrency space.&nbsp;
The recent surge in Solana's market activity, which saw a 33.6% increase in price over the past 24 hours, has been linked to the growing total value locked and the meme coin frenzy.&nbsp;

Solana Surpasses Ethereum in Daily and Weekly DEX Trading Volume

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