{"id":12421,"date":"2025-02-11T10:16:58","date_gmt":"2025-02-11T10:16:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12421"},"modified":"2025-02-11T10:16:58","modified_gmt":"2025-02-11T10:16:58","slug":"solana-dex-volume-tops-60m-as-it-looks-to-extend-4-month-winning-streak-over-ethereum","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12421","title":{"rendered":"Solana DEX Volume Tops $60M as It Looks to Extend 4-Month Winning Streak Over Ethereum"},"content":{"rendered":"
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Solana is on track to extend its four-month run over Ethereum and other smart-contract blockchains in decentralized-exchange<\/a> (DEX) volume even as the rangebound crypto market struggles to capture trader enthusiasm.<\/p>\n

Solana-based DEXs have posted total trading volume of just over $60 million this month, nearly double the $34 million on Ethereum, the biggest smart-contract blockchain, according to data source DeFiLlama<\/a>.<\/p>\n

“Solana\u2019s lower fees and higher throughput continue to attract developers and users, highlighting its growing role in decentralized finance,” Tagus Capital said.<\/p>\n

Solana has held its pole position since October. Notably, in January, Solana-based DEXs achieved trading volume of $258 billion with Ethereum trailing at just $86 billion.<\/p>\n

Solana’s dominance, powered by frenzied memecoin trading, is not limited to transaction volume. Despite its reputation as a low-cost blockchain, Solana has generated $25 million<\/a> in revenue so far this month compared with Ethereum’s $16 million<\/a>. In January, Solana earned $124 million, Ethereum $109 million.<\/p>\n

The performance supports the bullish case in the SOL-ETH ratio, which peaked near 0.09 in January and has since pulled back to 0.075, data from charting platform TradingView show. <\/p>\n

Still, Tagus Capital noted that Solana\u2019s total value locked (TVL) at $9 billion remains much lower than Ethereum’s $57 billion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Solana is on track to extend its four-month run over Ethereum and other smart-contract blockchains in decentralized-exchange (DEX) volume even as the rangebound crypto market struggles to capture trader enthusiasm. Solana-based DEXs have posted total trading volume of just over $60 million this month, nearly double the $34 million on Ethereum, the biggest smart-contract blockchain, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12421","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12421"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12421\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}