The decentralized exchange (DEX) market has once again highlighted Ethereum’s dominance, as it recorded a massive $9.3 billion in trading volume within the last 24 hours. This surge cements Ethereum’s position as the top blockchain for decentralized finance (DeFi) activity.
Following $ETH Ethereum, $SOL Solana secured the second spot with $6 billion, showcasing strong momentum in its DeFi ecosystem. Meanwhile, Binance Smart Chain (BSC) registered $5.2 billion, proving its resilience and continued relevance in the DEX sector.
📊 Key Stats (24H DEX Volume):
Ethereum ($ETH ): $9.3B
Solana (SOL): $6B
BSC: $5.2B
Analysts believe Ethereum’s strong liquidity, robust infrastructure, and the upcoming scalability upgrades keep it ahead of competitors. However, Solana’s rapid growth in user activity and BSC’s affordability highlight that the competition in DeFi is heating up.
👉 Investors are closely watching whether Ethereum can maintain this lead or if Solana and BSC will continue to close the gap in the coming months.
