Analysis confirms that Solana has become the leading platform for decentralized exchange trading, surpassing Ethereum’s activity by a significant margin. In January 2025, Solana’s DEX volume reached $262 billion, representing a staggering 204% increase compared to Ethereum’s volume. This trend has been ongoing for the past ten months, marking a notable shift in blockchain network activity. Experts point to expanding DeFi applications and growing institutional investments as key factors driving this growth. DEX volume, which measures total value traded on decentralized platforms, offers valuable insight into actual user engagement and activity on these networks.