Solana Surpasses Ethereum in DEX Trading Volume with $2.3 Billion vs $2.1 Billion

Jun 20, 2024, 05:26 PM

As of June 20, 2024, Solana has surpassed Ethereum in decentralized exchange (DEX) trading volume, recording $2.3 billion compared to Ethereum's $2.1 billion. Solana now accounts for a fifth of the total DEX volume. Notably, more than 60% of the increased volume on decentralized exchanges in May was recorded on the Solana blockchain, according to Pantera Capital.