The DEX trading volume on the olana chain exceeded US$1.8 billion, ranking first!
According to DeFiLlama data, the DEX trading volume on the Solana chain reached a staggering $1.811 billion on July 7, once again surpassing Ethereum and Arbitrum to top the list.
Market performance at a glance
Solana on-chain DEX
Transaction volume: $1.811 billion
Number one
DEX on Ethereum chain
Transaction volume: $1.336 billion
Ranked second
Arbitrum on-chain DEX
Transaction volume: $400.92 million
Ranked third
Why Solana leads the way
High performance: The Solana blockchain is known for its high throughput and low transaction fees, attracting a large number of users and developers.
Ecosystem: A rich ecosystem of DApp and DeFi projects provides users with diverse trading options and high liquidity.
Ethereum’s persistence
Mature ecosystem: Ethereum is still the most influential smart contract platform, with a huge user base and developer community.
Layer 2 solution: With the application of Rollup technology, Ethereum’s scalability problems are gradually alleviated, and transaction speed and cost are improving.
The Rise of Arbitrum
Second-layer expansion: Arbitrum provides users with faster transaction speeds and lower fees by optimizing the scalability of Ethereum, attracting a large number of DeFi project migrations.
