Solana Dethrones Ethereum In Major DEX Volume Shift, Will SOL Price Follow?

Solana moved ahead of Ethereum in daily decentralized exchange (DEX) trading volume, with more than $4.6 Billion processed.

Notably, the rise came as the network entered the voting phase on the Alpenglow proposal.

This proposal seeks to cut block finality times and strengthen its role in blockchain transactions.

As detailed, Solana recorded the highest DEX trading volume across blockchains within 24 hours.

Data from DeFiLlama showed Solana reached $4.604 Billion in trades. Ethereum followed with $4.435 Billion, while Binance Smart Chain posted $2.188 Billion.

Base recorded $2.049 Billion, Hyperliquid L1 stood at $1.04 Billion, and Arbitrum came in at $845.6 Million.

Solana Shines in DEX Daily Volume | Source: SolanaFloor

This marked a shift in activity across chains. Ethereum had long maintained dominance in decentralized trading, but Solana moved ahead on the day....

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