Solana DEX Trading Volume Surpasses Ethereum!

Solana has defeated Ethereum! In a historic event, Solana’s decentralized exchanges overtook their long-standing rival Ethereum in July. DeFi Llama confirmed this amazing news: this currency claimed 30 percent of the total DEX trading volume, while Ethereum lagged behind with 28.12 percent.

The numbers are staggering! Solana’s DeFi ecosystem processed $56.849 billion in transactions, leaving Ethereum behind with $53.867 billion. What caused this unexpected victory?

Frank Mathis, CEO of GenesysGo, revealed the secret to success. He called Solana the “blockchain of entertainment and the people” that has become the main destination for launching meme coins. Is this the beginning of a revolution in the world of digital currencies?

Mathis warns: if this trend continues, the Ethereum ecosystem will face a turning point. He predicts that developers will adapt their products to both platforms to maintain their market share.

Is this currency challenging Ethereum’s reign? Or is this just a temporary victory? The world of digital currencies is eagerly awaiting the next chapter of this breathtaking competition.