
In a significant shift in the decentralized exchange (DEX) market, Solana has recently outperformed Ethereum in 24-hour trading volume. Additionally, Solana's total fees, or revenue, reached 60% of Ethereum's in the past few days, marking an all-time high for this ratio. Previously, this ratio was less than 1% during peak activity in 2021/22 and hovered around 10% at the beginning of this year. This development highlights Solana's growing influence in the DEX market, where it has even surpassed the combined 24-hour DEX volume of Ethereum, Binance Chain, Arbitrum, Base, and Optimism. Meanwhile, the Flow blockchain has also shown notable growth, surpassing 1 million swaps with a DEX volume of $2.5 million in just seven days.
BREAKING: @solana OVERPOWERS @ethereum, @BNBCHAIN, @arbitrum, @base, AND @Optimism COMBINED IN 24H DEX VOLUME https://t.co/engJmisFvG
Lots of great @flowty_io data from @flipsidecrypto coming out this week, highlights on their growth: 📊 It only took one month into 2024 for Flowty to equal their total 2023 transactions count 🤯 It took just one quarter into 2024 to top the total 2023 sales volume Ecosystem 👇 https://t.co/KWw1tYvEIi https://t.co/tdQ74179fA
🚨Breaking News: @flow_blockchain surpasses 1 million swaps! 💥 In just 7 days, $2.5 million DEX volume!📈 #DeFi onFlow is the place to be! 🌊 Source: https://t.co/1keqM4AaMs https://t.co/kWqpJY7tUd
