The trading volume on Solana's DEX has exceeded 62 billion US dollars so far this month, nearly twice that of Ethereum

According to the latest data from DeFiLlama, activity on Solana's DEX has surged, with trading volume exceeding $62 billion so far this month, far ahead of Ethereum's DEX, which only had a trading volume of $37.13 billion during the same period. Since October 2024, Solana DEX's trading volume has been dominant, indicating that traders' preferences may be changing. Despite the sluggish cryptocurrency market, Solana DEX still reached a trading volume of $258 billion in January while Ethereum’s DEX was only at $86 billion.