Solana Defies Bearish December, DEX Trading Volume Surpasses $100B
Solana (#SOL ) demonstrated resilience during a bearish December, achieving over $100 billion in decentralized exchange (DEX) trading volume for the second consecutive month.

With a $107.865 billion in monthly DEX volume (as of Dec. 27), Solana outpaced its competitors in December, including Binance Smart Chain (BSC) and Ethereum (ETH), which recorded $91.444 billion and $84.168 billion, respectively, according to DefiLlama data.

Solana’s success in December wasn’t limited to its DEXs, the blockchain also saw a significant surge in restaking activity.

Solana staking pool Jito generated over $100 million in revenue from priority fees and tips in both November and December, according to a Dec. 26 note from Kairos Research.

In 2024, Jito’s validators scaled tip revenues by an average of 32% each month, Kairos said. Monthly income peaked in November at about $210 million.

This upward trend not only reflects the surging popularity of the Solana network but also highlights the growing role of Maximum Extractable Value (MEV).

Validators are increasingly capitalizing on MEV strategies, prioritizing certain transactions over others to maximize their earnings.