Solana has managed to surpass Ethereum in terms of DEX trading volume statistics

Solana is confidently securing its status as one of the most popular blockchains for creating tokens and applications, especially memecoins. In January, before Donald Trump's inauguration, the TRUMP and MELANIA tokens showed explosive growth.

By the end of December 2023, Solana controlled up to 89.7% of all transactions on decentralized exchanges (DEX). On average, over the past five weeks, Solana has processed more than half of all trades on these platforms.

SOL outperforms competitors in key metrics: low fees, number of transactions, and number of active addresses. However, Ethereum remains the leader in decentralized finance (DeFi), with $64.49 billion locked on its blockchain, while Solana has $11.327 billion.

In January 2025, Raydium was the most popular DEX with 65.4 million active addresses, followed by UniSwap (11.7 million) and Jupiter (7.7 million).

In terms of trading volume on DEX, the top three are Solana - $6.488 billion, BNB Chain - $2.774 billion and Ethereum - $2.421 billion.