Solana Captures 50% Share with $2.57B DEX Volume, Surpasses Ethereum

Solana has experienced significant growth in decentralized exchange (DEX) volume and active user engagement over the past 24 hours. According to data from Dexscreener, Solana's DEX volume reached $2.57 billion, more than double Ethereum's $1.22 billion. This marks the second consecutive day that Solana's DEX volume has surpassed Ethereum's. Additionally, over 1 million active wallets interacted with the Solana ecosystem, representing an 18.73% growth, and 167,255 new wallets were created. Solana now accounts for 76% of all new tokens listed on DEXs, surpassing Base as the market leader. The total stablecoin market cap on Solana has also increased by 22%, reaching $4.4 billion. Solana's dominance in DEX volume is further highlighted by its 50% share of the 24-hour DEX volume, outperforming both Ethereum and BNB Chain combined. Last week, Solana processed 218 million transactions and $7.7 billion of DEX volume. Solana's active wallet addresses are 250% more than Ethereum's and 371% more than BSC's.