- It was stated that Solana-based DEX volume is double that of Ethereum, expected to hold the top spot for four consecutive months.
- Since January, Solana has been surpassing Ethereum in both trading volume and revenue.
- Given this trend, investors are advised to pay attention to Solana's profitability.
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- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
In February, there is an opinion that Solana (SOL)-based decentralized exchanges (DEX) will surpass Ethereum (ETH)-based DEX in trading volume.
On the 10th (local time), CoinDesk cited DeFiLlama data, stating, "Solana DEX volume recorded $6 billion in February alone," and "this figure is double that of Ethereum-based DEX ($3.4 billion)." It continued, "Since last October, Solana DEX has surpassed Ethereum DEX in trading volume," and "considering the trend in February, Solana is expected to hold the top spot in DEX trading volume for four consecutive months."
It was also mentioned that Solana's revenue surpasses Ethereum's. The media reported, "Solana generated $25 million in revenue in February alone," exceeding Ethereum's $16 million. It added, "In January, Solana achieved $124 million in revenue, while Ethereum recorded $109 million."
Meanwhile, in January, Solana-based DEX recorded a trading volume of $258 billion. Ethereum reached only $86 billion.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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