{"id":42005,"date":"2025-08-13T16:01:48","date_gmt":"2025-08-13T16:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42005"},"modified":"2025-08-13T16:01:48","modified_gmt":"2025-08-13T16:01:48","slug":"institutional-frenzy-pushes-ethereum-dex-volumes-above-solana","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42005","title":{"rendered":"Institutional Frenzy Pushes Ethereum DEX Volumes Above Solana"},"content":{"rendered":"
\n

Decentralized exchange (DEX) volumes on Ethereum have leapfrogged Solana for the first time since April after a swift shift in sentiment away from Solana-based memecoins and towards ether ETH amid a wave of institutional activity. <\/p>\n

Over the past 48 hours Ethereum-based DEXs have facilitated $24.5 billion in trading volume compared to Solana’s tally of $10 billion, according to DefiLlama.<\/p>\n

The two weeks prior were also dominated by Ethereum, with a total of $28 billion and $27 billion beating Solana’s total of $20 billion and $24 billion.<\/p>\n

This represents a contrast in trader behavior from earlier this year, which was dominated by Solana and BNB Chain in a wave of speculative memecoin trading.<\/p>\n

However, institutional flows into spot ether ETFs has buoyed the second largest cryptocurrency, lifting it to $4,680 this month after a 53% gain over the past 30 days.<\/p>\n

\"DEX<\/p>\n

Coinglass data<\/a> shows that Monday’s net inflows to ETFs topped $1 billion for the first time ever, this was followed by more relentless buying on Tuesday with another $523 million inflow.<\/p>\n

Solana, meanwhile, appears to have lost its magic in the second quarter of this year. In January, for example, DEX volumes topped $98 billion in one week and $84 billion in the next. That hype subsided after U.S. President Donald Trump released the TRUMP memecoin, which ultimately lost more than 88% of its value over the subsequent seven months, a moment that obliterated investor confidence in memecoins.<\/p>\n

Uniswap remains the most commonly used DEX<\/a> on Ethereum with $8.6 billion being traded over the past 24 hours, the next best being Fluid, which topped $1 billion<\/a> during the same period.<\/p>\n

The change in behavior could bode well for Ethereum-based staking tokens, which experienced a boost following SEC clarification last week. Tokens like LDO , the governance token of liquid staking protocol Lido are up by 65% over the past week.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Decentralized exchange (DEX) volumes on Ethereum have leapfrogged Solana for the first time since April after a swift shift in sentiment away from Solana-based memecoins and towards ether ETH amid a wave of institutional activity. Over the past 48 hours Ethereum-based DEXs have facilitated $24.5 billion in trading volume compared to Solana’s tally of $10 […]<\/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-42005","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\/42005","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=42005"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42005\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}