Solana's decentralized exchanges (DEXs) surpassed Ethereum.

Written By Morten Storm

Solana's decentralized exchanges (DEXs) surpassed Ethereum in weekly transaction volume, reaching $9.03 billion compared to Ethereum's $8.836 billion.

This surge was driven by frenzied trading in meme coins like BONK and Dogwifhat.

Solana's lower gas fees contributed to increased DEX activity. Notably, BONK and WIF, meme coins on Solana, gained substantial market capitalization.

Solana's native token, SOL, also saw a significant price increase, surpassing $98…..soon +$100…I believe so!!

While this achievement is noteworthy, Ethereum has a larger market cap, emphasizing Solana's room for growth.

The meme coin mania and lower transaction fees played a pivotal role in Solana's recent success in decentralized finance (DeFi) activities.

Morten Storm
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