Solana has surpassed Ethereum in daily DEX trading volume, reaching $1.148 billion compared to Ethereum’s $745 million, according to DefiLlama. Solana-based platforms such as Raydium, Meteora, Orca, Phoenix and Lifinity are among the top 10 DEXs.
Patrick Scott, founder of Dynamo DeFi, predicts Solana’s DEX volume dominance will surpass the 25% mark by June. Total DEX volume reached $26 billion over the past week, with an increase in trading across DEXs of Solana due to the popularity of the meme coin.
Solana, known as “Ethereum Assassin“, is attracting attention from ETFs, with VanEck and 21Shares filing to launch an ETF for Solana.
