Solana Surges Ahead in DeFi with Record Transactions and Volume
- Solana (SOL) processes approximately 70 million transactions per day.
- Monthly DEX volume on Solana reached over $143 billion as of October 30.
- Ethereum’s monthly DEX volume was nearly $138 billion, but it only processes fewer than 1.2 million transactions per day.
- The network operates with 1,295 consensus validators across 40 countries.
- Production throughput is approximately 1,100 transactions per second.
- A five-hour outage in February led to the implementation of stake-weighted Quality of Service (QoS) improvements.
Solana’s impressive transaction processing capabilities and high DEX volume highlight its growing dominance in the DeFi space, especially compared to Ethereum’s reliance on Layer-2 rollups for transaction management.
With a staggering 70 million daily transactions and a monthly DEX volume of over $143 billion, Solana continues to establish itself as a leading platform in decentralized finance.(Source)
