Solana’s decentralized exchanges (DEXs) have seen a trading volume of over $60 million this month, nearly doubling Ethereum’s $34 million. This marks Solana’s fourth consecutive month of outperforming Ethereum in DEX volume. Despite the crypto market’s lack of enthusiasm, Solana’s lower fees and higher throughput are attracting more developers and users. In January, Solana’s DEXs hit a trading volume of $258 billion, significantly outpacing Ethereum’s $86 billion. Solana’s revenue this month stands at $25 million, surpassing Ethereum’s $16 million. In January, Solana earned $124 million compared to Ethereum’s $109 million. The SOL-ETH ratio peaked at 0.09 in January but has since dropped to 0.075. However, Solana’s total value locked (TVL) at $9 billion is still much lower than Ethereum’s $57 billion.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
