Solana Dominates DEX Market: Surpasses Ethereum in Volume, TVL, and Fees

The post Solana Dominates DEX Market: Surpasses Ethereum in Volume, TVL, and Fees appeared first on Coinpedia Fintech News

Solana leads the decentralized exchange market, driving the SOL price to $175. The Solana weekly volume dominance across all chains peaking at 35%, an all-time high. Further, the $15.78B weekly volume races ahead of Ethereum’s $8.87B by 77.91%. This marks the biggest lead in history. Solana-based Jupiter Exchange hits a record-high TVL of $1.55B, with the Raydium Protocol overtaking Uniswap in 24-hour DEX volume. Additionally, Solana has outpaced Ethereum in daily fee generation for seven consecutive days.