Ethereum

Solana

2024

DeFi

<p>In the ever-evolving world of cryptocurrencies, the order of platform supremacy seems established. But the emergence of new players is challenging this current order. This is the case for Solana (SOL), which has just overtaken Ethereum (ETH) in terms of DEX volume.</p>
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     <p lang="en" dir="ltr">Solana Surpasses Ethereum in Decentralized Exchange Volume <a href="https://t.co/JMiP2HmQL8" rel="noopener noreferrer nofollow">https://t.co/JMiP2HmQL8</a><br><br>Follow us and stay up to date with the latest developments for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> <a href="https://twitter.com/hashtag/cryptomarket?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#cryptomarket</a> <a href="https://twitter.com/hashtag/cryptocurrencynews?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#cryptocurrencynews</a></p>— COINTURK NEWS (@Cointurknews) <a href="https://twitter.com/Cointurknews/status/1788888390915481981?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 10, 2024</a>
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  Crypto: Solana surpasses Ethereum in decentralized exchange volume
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<h2 id="h-solana-overtakes-ethereum-in-terms-of-dex-trading-volume">Solana overtakes Ethereum in terms of DEX trading volume</h2>
<p>Launched in 2020, the cryptocurrency platform <a href="https://www.cointribune.com/en/solana-poised-for-liftoff-institutional-investors-bet-big-on-sol-crypto/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> stands out for its transaction speed and low fees. This makes it particularly <strong>attractive to DeFi users</strong>. This crypto blockchain has experienced exponential growth in recent months, attracting many investors and developers.</p>
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<p>According to <a href="https://en.coin-turk.com/solana-surpasses-ethereum-in-decentralized-exchange-volume/" target="_blank" rel="noopener noreferrer nofollow">recent data</a>, DEX trading volume on Solana has <strong>reached $1.3 billion</strong>. For the first time, this volume exceeds that of Ethereum, which is at $1.29 billion. This remarkable performance marks a turning point in the competition between the two crypto platforms. It indicates the potential of Solana to emerge as a promising alternative to Ethereum.</p>
<h2 id="h-solana-a-crypto-ecosystem-in-full-expansion">Solana: a crypto ecosystem in full expansion</h2>
<p>In addition to the DEX trading volume of Solana, its transaction fees have also increased. These have reached <strong>50% of the fees generated on the Ethereum crypto network</strong> lately. Analysts also predict that soon, transaction fees on the Solana network could surpass those of Ethereum.</p>
<p>Speaking of increases, the <a href="https://www.cointribune.com/en/crypto-markets/solana-sol-en/" target="_blank" rel="noopener noreferrer nofollow">price</a> of SOL has also seen a rise of over 6% in 24 hours. This situation propels Solana to the rank of the most performing altcoins in the crypto market.</p>
<h2 id="h-a-new-order-is-emerging-in-the-world-of-cryptocurrencies">A new order is emerging in the world of cryptocurrencies</h2>
<p>Solana’s surpassing of Ethereum in DEX trading volume is a strong signal of its potential to become <strong>a major player in the <a href="https://www.cointribune.com/quest-ce-que-la-finance-decentralisee-defi/" target="_blank" rel="noopener noreferrer nofollow">DeFi</a> space</strong>. Its speed, negligible fees, rapidly expanding ecosystem, and innovative technology make Solana an attractive alternative for users and developers.</p>
<p>Although <a href="https://www.cointribune.com/en/crypto-ethereum-stays-above-its-support-crypto-analysis-of-09-may-2024/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> maintains its dominance in terms of market capitalization, Solana is now positioning itself as a serious contender, ready to shake up the established crypto order.</p>
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Crypto: Ethereum dethroned by Solana in terms of decentralized exchange volume

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