Solana Flips ETH in Weekly DEX Volume
According to DefiLlama, Solana’s DEX volume was more than that of Ethereum and BNB Chain combined in the last 24hrs.
Both chains reported higher weekly volume increases at $1.41B for ETH and $703.19M for BNB, but was still nowhere near SOL which recorded a massive $2.24B for the week.
Solana now holds approx. 36% of the weekly DEX volume, due to factors such as memecoin trading, staking, and the utility of applications built on the chain.
Overall, SOL has been dominating this market cycle with the best performing memecoins (the top sector by category) and has a solid hold on 3rd place by various metrics including total 24hr volume and MCAP, trailing only behind BTC and ETH.
The largest markets for $SOL are Binance, OKX, WhiteBit, and Coinbase (source: CoinGecko). Show Less
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