Solana Outperforms Ethereum on a Crucial Metric for Three Months in a Row #solana

Solana continued to see positive results in December, as meme coins helped it increase its market share against Ethereum and other blockchains.

Significant activity in the decentralized exchange sector

According to DeFi Llama, Solana (SOL) protocols were the most active in the decentralized exchange industry in December. Its trading volume jumped to over $97 billion, significantly higher than the $22.6 billion it handled in the same period last year. Notably, this was the third consecutive month that Solana outperformed Ethereum (ETH), which has been dominating the industry for years. Ethereum’s protocols handled over $74 billion in volume, while Base and Arbitrum handled $42 billion and $37 billion, respectively.

Solana's continued superiority

Solana also had a great November, with its DEX network valued at around $129 billion, higher than Ethereum’s $70.6 billion. The month before, Solana handled $52 billion in volume, while Ethereum handled $41 billion. Most of Solana’s DEX volume was thanks to Raydium (RAY), which handled $65 billion worth of coins in the last 30 days. Orca also handled $24 billion, while Lifinity, Pump, and Phoenix recorded volumes of over $5.93 billion.$SOL