
Solana Tops Ethereum in Spot DEX Trading Volume for First Time
- —Solana's volume exceeded Ethereum mainnet, all L2s and Hyperliquid combined
- —First time Solana has outpaced Ethereum in spot DEX volume
- —Data reported by Crypto Twitter commentator SolanaFloor
- —SOL price remains low relative to on-chain activity
Why it matters: The surge strengthens Solana's DeFi position and could draw liquidity, though its price has yet to reflect the activity.
Source: Coinfomania