$SOL The Leader
Memcoins Make Solana the Leader in Decentralized Exchange Volume
•Thought Ethereum (ETH) was the unshakable titan of decentralized finance (DeFi)? You might want to reconsider.
•In July 2024, we witnessed a real coup in the crypto market: Solana (SOL) surpassed Ethereum in DEX trading volume for the first time.
•In July, Solana-powered DEXs processed $56.849 billion in transactions.
•But what about Ethereum? It “only” processed $53.867 billion. A difference of over 5% is not insignificant when you’re talking billions of dollars.
•But that’s not all. Solana dominated for 17 days during the month, capturing 30% of all DEX trading volume. Ethereum had to settle for 28.12%.
