With the continuous rise in the price of Solana (breaking through $84 this morning), market attention to its ecosystem is also gradually increasing. Data shows that the decentralized exchange (DEX) trading volume on Solana has surpassed Ethereum for the second time in history over a 7-day average.
(Summary:
Solana soared, re-examining the staking market: the four-horse-driven liquidity)
(Background:
Messari analyst exposes holdings: Solana is the investment consensus, AI tokens, DePIN favored)
The public chain Solana (SOL) has shown strong price performance since mid-October. It surged from $23 and briefly broke through $84 this morning, reaching a new high in a year and a half. Its market value has also surpassed XRP, rising to the fifth largest currency.
Further reading:
Morning Report on the Coin Market: Solana surges 12% and breaks through $84, surpassing XRP and Bitcoin reaching $44,300)
DEX Trading Volume Surpasses ETH
With the continuous price surge, users’ attention to the Solana ecosystem is also increasing. The average 7-day trading volume on Solana’s decentralized exchange (DEX) has surpassed Ethereum for the second time in history, with a daily trading volume exceeding $1.2 billion.
Analysts commented on this:
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Solana DEX trading volume surpasses Ethereum | Source: X
Solana’s trading volume on Upbit has exceeded ETH for 55 consecutive days
According to Kaiko data, Solana’s recent trading activity on centralized exchanges has also significantly surpassed Ethereum. Specifically, on the Kraken platform, Solana has led in trading volume for 9 out of the past 14 days; on Coinbase, it has won in trading volume for 3 out of the past 13 days. On the MEXC and Upbit platforms, Solana’s trading volume has been higher than Ethereum’s for 15 and 55 consecutive days, respectively, demonstrating its strong performance in the market.
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Tags:
Coinbase
Ethereum
Kraken
MEXC
Solana
UPbit