Solana DEX volume tops Ethereum 2.2x on an eighth of the capital
- —Solana DEX volume hit $1.57 billion in 24 hours, up 25% day over day
- —Ethereum DEX volume was $706 million, with $8.07 billion over seven days (+1.2%)
- —Solana TVL stands at $5.89 billion versus $49.86 billion on Ethereum, an 8.5x gap
- —Solana holds $15.49 billion in stablecoins, about 2.5x its TVL
Why it matters: Solana's high turnover reflects bot-driven trading on near-zero fees rather than fresh capital; its TVL in SOL terms is down 19.4% from the June peak.
Source: CryptoTicker