According to PANews, despite a stagnant crypto market, Solana is set to surpass Ethereum and other smart contract blockchains in decentralized exchange (DEX) trading volume for the fourth consecutive month. Data from DeFiLlama indicates that Solana-based DEXs have recorded a total trading volume slightly above $60 million this month, nearly double Ethereum's $34 million.
Tagus Capital noted that Solana's lower transaction fees and higher throughput continue to attract developers and users, highlighting its growing role in the decentralized finance sector. Since October of last year, Solana has maintained its leading position. Notably, in January, Solana-based DEXs achieved a trading volume of $258 billion, compared to Ethereum's $86 billion.