🔥Solana strikes back! Surpassing Ethereum to become the new king of DeFi!
Solana breaks through, becoming the new darling of DeFi! Trading volume surges, and market position dramatically rises!
After a long competition, Solana successfully surpassed Ethereum in the first quarter of 2025, becoming the leader in trading volume in the DeFi market. In April, Solana's trading volume continued to soar, far exceeding Ethereum, potentially becoming the preferred blockchain network of the future.
🚀Solana's trading volume skyrockets, surpassing Ethereum!
Solana's DEX trading volume broke through $50.7 billion in April, firmly holding the top position in the market. In contrast, Ethereum's trading volume during the same period was $39.664 billion, highlighting Solana's strong advantage. Moreover, Solana's daily trading volume significantly leads, with Ethereum's trading volume ranging from 1.03 million to 1.33 million transactions, while Solana's average daily trading volume is between 51.39 million and 60.20 million transactions, further showcasing its trading activity.
📈SOL price continues to rebound, market outlook bullish
Solana's price has risen significantly since the beginning of April, with an increase of over 64%. Although there was a pullback near the weekly high, the overall upward trend remains strong. Recent selling pressure has weakened, with a significant decrease in spot outflow, while options trading volume has increased by 245%, indicating strong bullish sentiment in the market for Solana.
⚠️Risk Warning: Market volatility may pose challenges
Although Solana shows strong growth momentum, its price volatility could lead to sharp fluctuations in the short term. The surge in open interest in options indicates that SOL may be sensitive to market volatility. Therefore, investors should be cautious of the liquidation risks that may arise from sustained declines.
Overall, Solana's trading volume and market performance have surpassed Ethereum, becoming the main force in the new round of DeFi. Although the market still faces some risks, Solana's potential and the continuous rebound in price are promising, and it may continue to lead the market in the coming months.
