According to data from IntoTheBlock, Ethereum (ETH) continues to lead the decentralized exchange (DEX) sector, accounting for nearly 35% of the total market share. Despite recent price pressure on Ethereum, its network activity and application within the DeFi space remain robust.
However, other blockchain networks such as Solana, Arbitrum, and BNB Chain are rapidly growing and increasingly challenging Ethereum’s dominance. Solana, in particular, has seen a significant rise in trading volume, solidifying its growing importance in the DEX market. Meanwhile, Arbitrum accounts for 14% of the total DEX trading volume, and BNB Chain holds an 11% share, both continuing to expand their presence in the space.
