Solana’s decentralized exchanges (DEXs) are processing the most onchain volume in Web3, beating out Ethereum, which has been the long-time holder of that title.
For the first time ever, Solana’s decentralized exchanges had higher monthly volume than Ethereum’s, with $54 billion versus $52 billion in July, according to DefiLlama.
Currently, 29% of DEX trades happen on Solana, while 28% happen on Ethereum
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#undefined [Source: TheDefiant]