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Solana DEX Trading Volume Hits $63B in November, Surpassing Ethereum for First Time with $62B Already Achieved and 13 Days Left

Nov 17, 2024, 06:33 PM

In November 2024, Solana's decentralized exchange (DEX) trading volume has surged to a record $63 billion, achieving an all-time high with 13 days remaining in the month. This milestone marks the first time that Solana's weekly DEX trading volume has surpassed that of Ethereum and all its Layer 2 solutions combined. Currently, Solana accounts for nearly half of all DEX trading volume, indicating a significant shift in market dynamics. Additionally, Solana is reported to be just 12% away from reclaiming its all-time high, reflecting growing investor confidence in the blockchain's performance compared to Bitcoin, which is often seen as the gold standard in the cryptocurrency market.