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🔮🚀 Solana crushes Ethereum in DEX for three consecutive months!

📅 In December, Solana continued to outperform Ethereum in the decentralized exchange (DEX) industry for the third consecutive month.

Thanks to the growing popularity of memecoins, Solana recorded record transaction volumes, thereby consolidating its position against crypto giants like Ethereum.

In December 2024, Solana's transaction volume reached over 97 billion dollars, far above the 22.6 billion dollars registered in the same period of the previous year.

☝️ Notably, it was the third consecutive month that Solana surpassed Ethereum, which had dominated the crypto industry for years. Ethereum protocols recorded a volume of over 74 billion dollars, while Base and Arbitrum processed 42 billion and 37 billion dollars, respectively.

In November, Solana also performed well, with a volume of 129 billion dollars in its DEX networks, higher than Ethereum's 70.6 billion dollars. A month earlier, Solana processed a volume of 52 billion dollars, compared to 41 billion dollars for Ethereum.

The increase in Solana's DEX volume is due to the memecoin industry, which has continued to thrive this year. Solana has attracted thousands of memecoins this year, aided by the creation of Pump.fun, the largest token generator.

All Solana crypto memes have a market capitalization of over 14.1 billion dollars, led by Bonk, Dogwifhat, Popcat, and Peanut the Squirrel.

#SolanaStrong

$SOL