Ethereum has taken the lead in decentralized exchange (DEX) activity, recording the highest net inflows over the past 24 hours. On-chain data shows $166 million in inflows, indicating that traders may be positioning ahead of a possible breakout.
This activity, combined with technical signals and market structure, has drawn the attention of analysts who are watching closely for a move toward $2,500.
Ethereum Tops DEX Inflows as Trader Interest Grows
Ethereum has once again demonstrated its dominance in the DEX ecosystem. According to recent data, it recorded $166 million in net DEX inflows, far ahead of Arbitrum, which came in second with $93.91 million. Other blockchains such as Sei, Base, and Optimism also saw positive flows, though none matched Ethereum’s scale.
These flows suggest that traders are accumulating ETH at current levels. Analysts view this activity as a signal of growing confidence.
Meanwhile, some blockchains experienced notable outflows. Bera, in particular, recorded a $170 million withdrawal, which could suggest investors are moving capital away from risk or reallocating to stronger networks like Ethereum.
Ethereum’s consistent leadership in DEX flows may be supported by its deep liquidity, broad developer adoption, and high usage in decentralized applications. These factors continue to attract capital, especially during times of market uncertainty.