Solana DEX tops the list again!
According to DeFiLlama data, the decentralized exchange (DEX) on the Solana chain reached a trading volume of $1.145 billion on July 2, surpassing Ethereum again and firmly occupying the first position.
Solana leads: Solana's DEX had a trading volume of $1.145 billion yesterday, showing its advantages in high efficiency and low-cost transactions.
Ethereum is second: The trading volume of Ethereum's on-chain DEX was $1.134 billion, indicating that it is still one of the most popular blockchain platforms despite facing transaction congestion and high fees.
BSC follows closely: The trading volume of Binance Smart Chain (BSC) DEX was $436.73 million, demonstrating its competitiveness in low-cost transactions and high-speed execution.
Summary:
The rise of Solana: Solana has attracted more and more projects and users based on its high-speed and low-cost blockchain technology. Its continued leading DEX trading volume shows its strong position in the DeFi ecosystem.
Ethereum challenge: Despite the congestion and high fee problems faced by Ethereum, it still maintains the support of a large number of users and projects. As the upgrade of Ethereum 2.0 progresses, its scalability and performance may be significantly improved.
BSC's competitive advantage: As a rapidly developing blockchain platform, BSC continues to attract a large number of trading activities and projects with its low-cost transactions and high accessibility.
