1. Solana's DEX transactions surpassed Ethereum's in the past week, hitting $9.03 billion vs. Ethereum's $8.836 billion, marking a first-time achievement.
2. Ethereum is quickly regaining its DEX volume lead within the last 24 hours, indicating a potential temporary milestone for Solana.
3. Decentralized exchanges like Uniswap (Ethereum) and Orca (Solana) facilitate peer-to-peer crypto trading, even for meme coins often not listed on centralized exchanges.
4. Ethereum historically dominated DEX trading, but Solana's recent surge is due to its lower gas fees, driving significant activity.
5. Solana's BONK and Dogwifhat (WIF) emerged as top-traded tokens on its DEX platform, excluding stablecoins.
6. SOL, Solana's native token, surged to over $80, reaching a 2023 record high and trading at over $89 presently.
7. Despite these milestones, Solana's market cap stands at $37 billion, significantly smaller than Ethereum's $268 billion, indicating substantial room for growth.
8. SOL's rising value showcases its market strength, even surpassing XRP in value during this period.
9. Lower gas fees on Solana have attracted increased trading activity, potentially influencing the rise in meme coin trading.
10. Solana's achievements demonstrate its potential but highlight the considerable gap it needs to bridge compared to Ethereum's market dominance.
