With the continuous rise in the price of Solana (breaking through $84 this morning), the market’s attention to its ecosystem is gradually increasing. Data shows that the average 7-day trading volume on Solana’s decentralized exchange (DEX) has surpassed Ethereum for the second time in history.
(Previous summary:
Solana soared, re-examining the staking market: Four-wheel drive leading liquidity)
(Background supplement:
Messari analyst reveals holdings: Solana is the consensus investment, AI tokens, and DePIN are favored)
The public blockchain Solana (SOL) has shown strong performance in its price since mid-October, soaring from $23 and reaching over $84 this morning, marking a new high in a year and a half. Its market value has surpassed XRP, rising to the fifth largest cryptocurrency.
Read more:
Coin Market Morning Report: Solana surges 12% “breaking through $84,” market value surpasses XRP, Bitcoin climbs to $44,300
DEX trading volume surpasses ETH
As the price continues to soar, users’ interest in 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
Upbit’s Solana trading volume surpasses 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, Solana has won in trading volume for 3 out of the past 13 days. And 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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Coinbase
Ethereum
Kraken
MEXC
Solana
Upbit