Solana Overtakes Ethereum in DEX Trading Volume
Solana's DeFi ecosystem has reached a new milestone, surpassing $5.8 billion in the last 24 hours and overtaking Ethereum.
Rising stablecoin inflows and infrastructure have driven Solana's growth, pushing it ahead of Ethereum in daily DEX volume.
According to DefiLlama, Solana recorded $5.84 billion in DEX trading volume over the past 24 hours, exceeding Ethereum's $5.75 billion.
Over the past 30 days, Solana has facilitated nearly $137 billion in DEX transactions, indicating its growing dominance.
The rise in Solana's on-chain activity coincides with a sharp increase in stablecoin supply, which has reached an all-time high of $17.5 billion, according to Artemis data.
Solana could consolidate its lead and attract more institutional DeFi participation if liquidity remains strong and price momentum holds above $200.
Author's summary: Solana surpasses Ethereum in DEX trading volume.