• Solana’s DEX volume reached $52.157B in October, surpassing Ethereum’s $41.499B.
• Solana processed over 14 million transactions in 24 hours, far exceeding Ethereum’s 268,621.
• Solana’s DEX TVL stood at $75.73B, nearly 14 times higher than Ethereum’s $5.58B.

Solana’s decentralized exchange (DEX) trading volume surpassed Ethereum’s in October. Data from DeFiLlama shows Solana’s DEX volume reaching $52.157 billion, compared to Ethereum’s $41.499 billion. Solana’s network processed over 14 million transactions in 24 hours, exceeding Ethereum’s 268,621 transactions.

The total value locked (TVL) within DEXes on Solana is much higher than Ethereum’s. Solana DEX TVL reached $75.73 billion at the end of October, 14 times more than Ethereum’s $5.58 billion. Unique users in Solana traded $4.12 billion worth of tokens on DEXes, three times higher than Ethereum’s $1.48 billion.

Despite having fewer DEXes, Solana’s network activity and liquidity levels are strong. GeckoTerminal reports Solana supports six main DEXes, 640,576 pools, and over 576,000 tokens. In comparison, Ethereum hosts 54 DEXes, 379,706 pools, and 355,600 tokens. This shows Solana’s high…

The post Solana Surpasses Ethereum in DEX Trading Volume for October appeared first on Coin Edition.

• Solana’s DEX volume reached $52.157B in October, surpassing Ethereum’s $41.499B.
• Solana processed over 14 million transactions in 24 hours, far exceeding Ethereum’s 268,621.
• Solana’s DEX TVL stood at $75.73B, nearly 14 times higher than Ethereum’s $5.58B.

Solana’s decentralized exchange (DEX) trading volume surpassed Ethereum’s in October. Data from DeFiLlama shows Solana’s DEX volume reaching $52.157 billion, compared to Ethereum’s $41.499 billion. Solana’s network processed over 14 million transactions in 24 hours, exceeding Ethereum’s 268,621 transactions.

The total value locked (TVL) within DEXes on Solana is much higher than Ethereum’s. Solana DEX TVL reached $75.73 billion at the end of October, 14 times more than Ethereum’s $5.58 billion. Unique users in Solana traded $4.12 billion worth of tokens on DEXes, three times higher than Ethereum’s $1.48 billion.

Despite having fewer DEXes, Solana’s network activity and liquidity levels are strong. GeckoTerminal reports Solana supports six main DEXes, 640,576 pools, and over 576,000 tokens. In comparison, Ethereum hosts 54 DEXes, 379,706 pools, and 355,600 tokens. This shows Solana’s high…

The post Solana Surpasses Ethereum in DEX Trading Volume for October appeared first on Coin Edition.