<ul><li>Solana’s DEX volumes briefly surpass Ethereum in February but later decline to 30% in March.</li><li>The drop is attributed to a 'memecoin meltdown', with significant losses from tokens like Libra and Trump-themed coins.</li><li>Despite the slowdown, Solana's ecosystem remains strong, with Raydium holding over US$1.3B in TVL.</li><li>Solana's native token SOL experienced a 191% price surge and a 700% rise in on-chain revenue in 2024.</li></ul>

Solana’s DEX Volumes Hold Strong Against Ethereum Despite Meme Coin Slowdown, Reports VanEck

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