Solana network breaks new ground by surpassing Ethereum in decentralized exchange volumes. With a $5.8 billion DeFi ecosystem in just 24 hours, this signals a significant shift in the crypto market landscape. The future distribution of liquidity among leading layer 1 blockchains is now under scrutiny.
Solana ‘s DeFi ecosystem just recorded a historic milestone with over $5.8 billion in trading volume on decentralized platforms within 24 hours. This explosion in activity temporarily positions the blockchain ahead of Ethereum, which has traditionally dominated this segment.
This surge in power is primarily explained by the massive influx of liquidity into Solana’s native DEX protocols, particularly Raydium, Orca, and Jupiter. Traders are seeking alternatives to Ethereum’s high fees, and Solana delivers with transaction costs averaging below $0.01.
Processing speed also represents a decisive advantage. While Ethereum mainnet displays confirmation times of 12 to 15 seconds, Solana processes transactions in less than one second. For high-frequency trading strategies and arbitrage between DEXs, this speed represents a major competitive advantage. Market makers and trading bots now overwhelmingly favor this infrastructure.
The growth in DEX volume on Solana reveals a significant redistribution of capital flows in the crypto ecosystem. Liquidity pools on Solana’s major DEXs have recorded a TVL (Total Value Locked) increase of over 40% in the past seven days.
This momentum is accompanied by increasing stablecoin adoption on Solana. USDC and USDT now represent a significant portion of the most active trading pairs, facilitating the entry of institutional and professional capital. Trading volumes on SOL/USDC pairs have exploded, demonstrating renewed interest in the native token.
DeFi protocol developers are also migrating their projects to Solana or launching cross-platform versions including this blockchain. The combination of low fees, execution speed, and growing liquidity creates a favorable environment for decentralized financial applications. This trend could accelerate if Ethereum fails to drastically reduce its fees on the mainnet, despite advances in its Layer 2 solutions.
This DEX volume performance comes in a context where SOL’s price shows relative stability against general market fluctuations. Traders are closely watching whether this increase in on-chain activity will translate into appreciation of the native token.
On-chain metrics show a historical correlation between DEX volume and medium-term valuation. However, Solana must maintain this momentum for several weeks to confirm a structural change in DeFi market share distribution. The coming days will determine whether this overtaking constitutes a temporary spike related to a specific event or the beginning of a sustainable trend.
Institutional investors are following these developments with attention. A blockchain capable of sustainably supporting high trading volumes while maintaining technical performance represents a strategic allocation opportunity. The battle for DEX sector dominance is now being fought on multiple fronts: Costs, speed, user experience, and network stability.
Given this bullish momentum, investors can buy and secure their SOL on Bitget, taking advantage of a stable, fast platform equipped with advanced risk management tools. SOL’s current price of $195.23 represents a strategic window to initiate a position while gaining exposure to Solana’s DeFi movements.
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