Solana has surpassed Ethereum in trading volume on decentralized exchanges. The same Solana that was recently mocked for 'technical failures' and 'centralization'. It turns out she is now the belle of the ball.
According to DeFiLlama data, over the last week, the trading volume on Solana DEXs amounted to, attention, $19.359 billion. This is 23.53% more than the previous week. To give you an idea of the scale of humiliation — Ethereum had only $12.105 billion during the same period. And BNB Chain can already be left asleep — it is in third place with a dismal $8.813 billion.
This means that the real user votes not with 'tweets', but with their wallet. Solana is now not just a 'fast alternative', but the main platform for trading on DEX. And all this is against the backdrop of general complaints about 'the quality of decentralization' and 'the aesthetics of code'.
Why did this happen?
Very simple:
• Speed and affordability. In a world where every second is more valuable than Bitcoin was in 2012, no one wants to wait 20 minutes for transaction confirmations and pay $40 in fees.
• NFT renaissance. Yes, on Solana, JPEGs are being traded like crazy again. And they are doing it with minimal costs.
• The Solana DeFi ecosystem has exploded. New protocols like Jupiter, Kamino, and Drift have made trading not just cheap — they have made it fun and profitable.
• Meme coins. Sorry, but no matter how much the smart ones in glasses turn up their noses, meme coins are very much alive. And they love Solana.
And what about Ethereum?
Ethereum is still the 'academic' in the world of crypto. But like many academics, it is locked in its ivory tower, where everything is complicated, expensive, and dreary. Yes, funds, DAOs, and old whales are sitting on Ethereum, but the mass market — the youth, apes, traders — have chosen Solana.
Irony of fate?
Perhaps Ethereum in 2017 dreamed of becoming that 'mass blockchain', but in 2025 this dream was realized by Solana.
