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Solana Gains Momentum as Over $200 Million Bridges from Other Chains and DEX Volume Surpasses Ethereum
- Solana has seen an upsurge in activity.
- Over $200 million bridged to the Solana ecosystem in the last week. Over $100 million was from Ethereum.
- Solana has surpassed Ethereum in weekly DEX volume, achieving $34 billion compared to Ethereum’s $23 billion.
- Solana offers increased transaction speed, low transaction costs, and high throughput-- processing thousands of transactions per second-- unmatched in the industry.
- As DeFi projects built on Solana drain liquidity from Ethereum and other chains, increased institutional interest in Solana is shown.
- The blockchain offers low fees, high transaction speeds, and the ability to process a lot of transactions without getting bogged down.
- Liquidity influx, smart institutional interest, and Solana's 'not-Ethereum' DEXs volume make it a major player in the crypto ecosystem.
- Whether Solana can sustain the furious momentum it amassed since 2021 and continue to outpace Ethereum on key performance indicators such as DEX volume and liquidity is to be seen.
- Solana's growth seems unstoppable and has a good shot at continuing its upward momentum over the next several months.
- Solana has some serious momentum, and is capable of taking on Ethereum in the DeFi and DEX sectors.
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