Solana Dominates DEX Volume, Outpaces Ethereum Despite Price Slump

The Solana blockchain continues to make headlines with record-breaking volume in decentralized exchanges (DEXs), while the price of SOL struggles to keep up with the market’s fluctuations. Data reveals that Solana has held the top spot in weekly DEX volume for five consecutive weeks, surpassing $26.24 billion in just seven days, demonstrating a surge of over 15%. This dominance is fueled by rapid growth in decentralized applications and increasing institutional investments.