Solana surpasses Ethereum in 24-hour Dex volume on DefiLlama

DefiLlama’s Dex data revealed that Solana had outperformed Ethereum’s Dex volume for the second time in a week. According to DefiLlama’s data, Solana’s Dex volume surpassed Ethereum’s Dex volume by approximately $0.01B in the last 24 hours.

The data from DefiLlama also showed that Ethereum’s weekly (7d) total volume ($8.29B) outshone Solana’s volume ($6.12B). According to DefiLlama, Ethereum’s Dex TVL ($8.84B) also surpassed Solana’s Dex TVL (1.49B).

Solana outperforms Ethereum for the second time in less than a week

Credits: DefiLlama

On September 21st, DefiLlama’s data showed that Solana Dex networks handled over $845 million in 24 hours, while Ethereum handled $747 million over the same period. Similarly, the data revealed that Ethereum maintained its weekly total volume dominance with over $6.4 billion against Solana’s $5.17 billion.

The DeFi TVL aggregator’s data revealed no changes in the leading Solana ecosystem’s Dex by volume between September 21 and today (September 25), as the top three spots still went to Orca ($417.3M), Raydium ($415.54M), and Phoenix ($144.7M), respectively. The top three spots for Ethereum Dexs by volume went to Uniswap ($745.83M), Curve Finance ($104.55M), and DODO ($82.49M), according to the data.

Additional data from DefiLlama revealed that March was the best month in 2024 for the SOL ecosystem, handling crypto transactions worth over $60 billion. The data showed that July was Solana’s second-best performing month, handling transactions worth over $56 billion, while Ethereum processed crypto worth approximately $4 billion less in the same month.

According to DefiLlama’s data, Arbitrum Nova gained 78,068% for the highest 7-day volume increase, followed by Stacks, which surged 31,380%.

Solana on the rise as coins and NFTs surge in performance

The SOL ecosystem was in full force this week as it overtook Ethereum for the second time in 24-hour Dex volume and NFT sales, per Coingecko’s data. According to the data from Coingecko, the best-performing tokens on the Solana network were the New World Order $STATE token, the Electric Dog Modish $EDM token, and the Senk $SENK token, which gained 61,288.5%, 21,506.2%, and 707.8%, respectively, in 24 hours.

Coingecko’s data revealed that the top three coins on the SOL ecosystem by market cap were Tether ($USDT), with $119.2 billion, Solana ($SOL), with $70.3 billion, and USDC ($USDC), with $35.9 billion.

Additional SOL ecosystem-based NFT data from Coingecko showed that the Mad Lads NFT led the pack with a floor price of 49SOL (~$7.3K), a market cap of 488,334SOL (~$73.3M), a 24-hour volume of 1,467SOL (~$220.3K), and a total of 28 sales. The Tomorrowland NFT followed in second with a floor price of 23.83SOL (~$3.6K), a market cap of 154,641SOL (~$23.2M), 24-hour volume of 174.27SOL (~26.2K), as per Coingecko’s data.

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