Ethereum Maintains Dominance in DEX Market Despite Competition

According to Odaily, Ethereum (ETH) continues to hold a dominant position in the decentralized exchange (DEX) market, accounting for nearly 35% of the market share. Despite recent price pressures, Ethereum's network activity and applications in the DeFi sector remain robust. Meanwhile, other blockchain networks such as Solana, Arbitrum, and BNB Chain are rapidly growing and increasingly challenging Ethereum's market dominance. Solana, in particular, has seen a significant rise in transaction volume, highlighting its growing importance in the DEX market. Arbitrum and BNB Chain are also increasing their market shares, with Arbitrum accounting for 14% of total DEX trading volume and BNB Chain holding 11%.