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Ethereum maintains a 35% share of the DEX market, while competitors like Solana are catching up quickly

Ethereum maintains a 35% share of the DEX market, while competitors like Solana are catching up quickly

Bitget2024/09/15 01:11
SOL-0.93%ARB-0.38%ETH-0.40%

According to data from IntoTheBlock, Ethereum (ETH) continues to maintain a dominant position in decentralized exchanges (DEX), occupying nearly 35% of the market share. Despite recent pressure on Ethereum's price, its network activity and applications in the DeFi field remain strong. Meanwhile, blockchain networks such as Solana, Arbitrum and BNB Chain are growing rapidly and gradually challenging Ethereum's market position. Among them, Solana's trading volume has significantly increased, demonstrating its increasing importance in the DEX market. Arbitrum and BNB Chain are also enhancing their market shares, reflecting increasingly fierce competition in the DeFi field.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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