According to Odaily, Solana has outperformed Ethereum in terms of 24-hour DEX trading volume for five consecutive days. In the past 24 hours, Solana's DEX trading volume was $1.73 billion, which is higher than Ethereum's $1.69 billion. This marks a significant shift in the cryptocurrency market, as Ethereum has long been a dominant player in the decentralized exchange (DEX) trading space.
The rise of Solana in the DEX trading volume indicates a growing interest and trust in the platform among traders and investors. This could potentially lead to a more competitive market and a shift in the balance of power among cryptocurrencies. However, it remains to be seen whether Solana can maintain this momentum in the long run.
It's important to note that while Solana's recent performance is impressive, Ethereum still holds a significant portion of the overall DEX trading market. Therefore, despite Solana's recent gains, Ethereum remains a formidable competitor in the DEX trading space.