Odaily News According to the latest data from DeFiLlama, Solana’s on-chain DEX activity has surged, with trading volume exceeding $62 billion so far this month, far ahead of Ethereum’s on-chain DEX, which had a trading volume of only $37.13 billion during the same period.
Solana DEX has dominated trading volume since October 2024, indicating a possible shift in trader preferences. Despite the cryptocurrency market downturn, Solana DEX still reached $258 billion in trading volume in January, while Ethereum DEX only had $86 billion.