Ethereum experienced a considerable drop in its decentralized exchange (DEX) trading volume on January 27, according to data from DeFiLlama reported by Odaily Planet Daily. Transaction volumes plunged by approximately 43% from the previous day, standing at US$734 million, compared to US$1.286 billion.
Despite this significant drop, Ethereum's DEX still managed to top the ranking, with Solana's DEX following closely behind with a daily trading volume exceeding US$495 million. The Arbitrum chain took the third spot, featuring a trading volume approximating US$427 million for the day.
