<ul><li>Solana's decentralized exchange (DEX) volumes still rival those of the entire Ethereum ecosystem despite a dropoff in memecoin trading activity, according to VanEck.</li><li>In February, Solana's share of total onchain DEX volume topped 43%, briefly surpassing the combined DEX volume of Ethereum and its layer-2 scaling networks.</li><li>Activity on the Solana network declined in February after memecoin-related scandals, but Solana DEX volumes are still holding their own compared to the Ethereum ecosystem.</li><li>Solana has been a standout performer in the current crypto market cycle, with its token price rising, on-chain revenues surging, and stablecoin supply increasing.</li></ul>

Solana DEX volumes still rival Ethereum’s despite memecoin meltdown: VanEck

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