Solana Overtakes Ethereum in DEX Volume

• Solana DEX trading volume has surged to highest values among the top blockchains.
• The trading volume of DEXs on Solana has surpassed Ether in the last seven days.
• The approval of spot ETH ETFs and SOL ETFs might boost the prices of the tokens.

The decentralized exchange (DEX) volume on Solana surged to a record high, surpassing even Ethereum, the largest blockchain by Total Value Locked (TVL). Both blockchains’ native tokens, Ether (ETH) and SOL, saw price increases over the past week as well.

As noted by @SolaniansHub on X (formerly Twitter), Solana’s DEX volume led all major blockchains over the last seven days. This surge is particularly noteworthy during the ongoing market recovery, as Solana captured a majority of DEX activity.

REPORT: @solana has recorded the highest DEX trading volume among top blockchains over the last 7D

During the current market recovery phase, Solana has outperformed other chains, captivating a significant amount of users in DEX activities!#SOL $SOL pic.twitter.com/J3EdSwOT2X

— Solanians (@SolaniansHub) July 18, 2024

 Jupiter, a Solana-based DEX aggregator, may have contributed to the volume spike. Coin Edition previously re…

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