Solana DEX Volume Soars to $3.7 Billion, Outpacing Ethereum

Solana’s decentralized exchange (DEX) has experienced a significant surge in volume, exceeding that of Ethereum. According to recent data, the platform reached $3.7 billion in trading activity over the past 24 hours, largely fueled by meme coin trading. This surpasses Ethereum’s volume of $2.41 billion during the same period. Solana saw its SOL token price range from $143 to $153 within this timeframe. The surge is attributed to both institutional investor interest (including notable ETF participation) and a rise in new account creation, reaching 4 million users in just 30 days.