Publicly available financial reports from Solana and Ethereum or reputable financial analysis platforms

Solana Leads 24H DEX Volume with 42%, Outperforms Ethereum

Jul 30, 2024, 10:30 AM

Solana has achieved a record dominance in decentralized exchange (DEX) volume over the past 24 hours, accounting for over 42% of all DEX volume. This marks the second consecutive day Solana has outperformed Ethereum and Uniswap in daily fees and revenue generation. Solana's DEX volumes have spiked to 125% of Ethereum's, driven by the popularity of meme coin trading. Over the past 30 days, Solana has emerged as a leader in 24H DEX trading volume, indicating a potential long-term shift in its competition with Ethereum.