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TronWeekly

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Solana DEX Trading Volumes Lead for Fifth Consecutive Month, Surpassing BNB and Ethereum

  • Solana has maintained its position as the leader in decentralized exchange (DEX) trading volumes for five consecutive months, surpassing Binance Smart Chain (BNB) and Ethereum (ETH).
  • In February, Solana generated $280.32 million from app revenue, surpassing Ethereum and Binance Smart Chain combined.
  • A total of $700 million worth of assets were bridged to Solana in February, including $400 million from Ethereum.
  • Despite market competition, Solana's performance in DeFi sector remains strong, and it is awaiting approval for a Solana ETF.

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