Ethereum DEX Trading Volume Plummets 45%, Surpassed by Solana

Ethereum’s decentralized exchange (DEX) trading volume experienced a significant decline last week, dropping by a staggering 44.94% according to data from Defillama. This drop brought the total volume down to $9.696 billion. Solana emerged as the leading blockchain network for DEX trading volume, reporting a remarkable $15.155 billion in weekly trades. Following Solana, Binance Smart Chain (BSC) recorded the second-highest trading volume at $6.731 billion. The other notable networks with high trading volumes were Base ($3.667 billion), and Arbitrum ($2.650 billion).