Solana DEX Volume Surpasses $60M Milestone

Solana DEX Volume Surpasses Ethereum in Ongoing Streak

• Solana-based decentralized exchanges (DEXs) recorded over $60 million in trading volume this month.
• Ethereum’s trading volume on DEXs was nearly $34 million for the same period.
• In January, Solana DEXs achieved $258 billion in trading volume, compared to Ethereum’s $86 billion.
• This month, Solana generated $25 million in revenue, while Ethereum earned $16 million.
• The SOL-ETH ratio peaked at 0.09 in January and is now approximately 0.075.
• Solana’s total value locked (TVL) stands at $9 billion versus Ethereum’s $57 billion.

This month, Solana-based DEXs have outperformed with over $60 million in trading volume, significantly higher than Ethereum’s nearly $34 million. Despite lower TVL, Solana continues to generate more revenue than Ethereum this month.