Solana DEX trading volume exceeded Ethereum by 268% in January

Odaily Planet Daily News: According to data compiled by The Block, the craze sparked by Original Trump (TRUMP) has driven the usage of Solana's decentralized exchange (DEX). In January, Solana DEX's trading volume reached an unprecedented 268% compared to Ethereum, compared to only 53% in the same period last year. Solana processed $122 billion in transaction volume, while Ethereum processed $45 billion. Among them, Raydium leads the Solana ecosystem with a weekly trading volume of $32 billion, followed by Orca with a trading volume of $17 billion. In contrast, Uniswap on Ethereum processed $20 billion in transaction volume during the same period. The Block analyst stated that Solana's growth momentum is driven by factors such as improved transaction processing efficiency, reduced network downtime, a more user experience focused DEX interface, integration with Jupiter aggregator, and growing institutional infrastructure support.