Ethereum Regains DEX Dominance as Solana’s Activity Plummets

March 2025 marks a significant shift in the decentralized finance (DeFi) ecosystem. Ethereum has reclaimed its top spot in blockchain ranking for DEX trading volumes, overtaking Solana for the first time since September 2024. This reversal is happening amidst a challenging market environment with Solana experiencing a notable decline in trading activity, particularly on its main platforms. Ethereum’s resurgence is largely attributed to the continued performance of major DEX platforms like Uniswap and Curve Finance.