Ethereum Tops DEX Trading Volume with a 45% Increase to $1.515 Billion

ETH

$2,932.6

+0.33%

Data from DeFiLlama shows a significant surge in the transaction volume on Decentralized Exchanges (DEXs) built on the Ethereum blockchain on February 19. The volume spiked up to US$1.515 billion, marking a substantial increase of approximately 45% from the previous day's volume of just over US$1.043 billion. Ethereum's DEXs dominated the market, ranking first among other blockchain networks.

Meanwhile, DEXs on the Solana blockchain reported a transaction volume standing at US$656.17 million, grabbing the second spot on the ranking. Following closely behind, Blockchains having smart contract capability, such as the Binance Smart Chain (BSC) saw its DEXs' trading volume for the day amount to US$585.83 million, which secured it a third-place position.