According to ChainCatcher, the latest data from CryptoRank shows that in the 2024 decentralized exchange trading volume rankings, Ethereum and Solana ranked first and second with trading volumes of $674 billion and $626 billion, respectively. Ethereum grew 46.3% year-on-year, while Solana grew by a whopping 1049%, showing strong market vitality.

Following closely behind are BNB Chain and Arbitrum, which achieved growth of 178% and 101%, respectively, with trading volumes of $352 billion and $252 billion, performing well. Base ranked fifth with a trading volume of $222 billion and a slight increase of 5.8%.

Blast, ranked sixth, had a trading volume of $133 billion, while Polygon and Avalanche followed with trading volumes of $49.8 billion and $46.8 billion, respectively. Notably, Sui and Optimism achieved astonishing growth rates of 1859% and 69.6% respectively, demonstrating the potential of emerging chains.