Ethereum maintains 35% share of the DEX market, and competitors such as Solana are accelerating to catch up
Ethereum (ETH) continues to dominate among decentralized exchanges (DEXs), accounting for nearly 35% of the market, according to IntoTheBlock. Despite the recent pressure on Ethereum’s price, its network activity and adoption in the DeFi space remains strong. At the same time, blockchain networks such as Solana, Arbitrum and BNB Chain are growing rapidly and gradually challenge Ethereum’s market position. Among them, Solana’s trading volume has increased significantly, showing its increasing importance in the DEX market. Arbitrum and BNB Chain are also increasing their market share, reflecting the increasing competition in the DeFi space.
