Editor's PiCK
Ethereum (ETH) DEX trading volume surpasses Solana (SOL) for the first time since April
JH Kim
Summary
- It was reported that trading volume on Ethereum (ETH)-based decentralized exchanges (DEX) has surpassed that of Solana (SOL) for the first time since April.
- It was noted that Solana's DEX trading volume is on a downward trend due to the recent weakening of the meme coin craze.
- Ethereum is trading at $4,663.09 with a 4.32% increase from the previous day, based on the Binance Tether (USDT) market.
On the 13th (local time), according to the cryptocurrency-focused media outlet CoinDesk, the trading volume of Ethereum (ETH)-based decentralized exchanges (DEX) has overtaken that of Solana (SOL) for the first time since April.
Over the past 48 hours, Ethereum's DEX trading volume reached approximately $24.5 billion, while Solana's volume stood at around $10 billion. As the recent meme coin frenzy subsides, Solana's DEX trading volume has been on a decline.
As of 01:00 on the 14th, Ethereum is trading at $4,663.09 on the Binance Tether (USDT) market, representing a 4.32% increase from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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