
In a remarkable shift in the decentralized finance (DeFi) landscape, Solana has overtaken Ethereum to become the leading blockchain in terms of trading volume on decentralized exchanges (DEXs). Reports indicate that DEXs based on the Solana blockchain have processed a staggering $21.3 billion in trading volume, a significant increase of 67% that positions Solana as the largest blockchain by this metric. This surge in trading volume is attributed to the popularity of meme coins on the Solana network, which has not only boosted the volume but also led to an influx of users from other chains and over $200 million in stablecoins. Additionally, Solana's ecosystem has garnered 49.3% of global crypto investor interest, far outpacing Ethereum, which captured 12.7%. The volume on Solana DEXs has even surpassed $40 billion within the first 20 days of March, setting a new all-time high. CoinGecko has declared Solana the top blockchain ecosystem of 2024, highlighting its dominance and the significant interest it has attracted from investors worldwide. Moreover, the Solana network saw $3.78 million bridged from other chains and @deBridgeFinance's total volume hit $1 billion.


