Solana has surged to dominate almost half of the Decentralized Exchange (DEX) market, which is mainly driven by Memecoin Launchpad Pump.fun, which has been more than the Etherrium network in recent weeks, Crypto Exchange.
OKX said on January 28, according to Dexs State of Dexs, Solana’s Dex Dominance Rise is attributed to “burning transaction speed, minimum cost and developer -centered tools.” 2025 Report.
According to the Dune Analytics level, Solana said, “Drinking Etherrium Milk Shake.”
Solana has recently created more Dex volume than all other chains. source: Sand Hill Analysis
OKX argued that Solana’s dominance in the DEX domain could last in the long term despite the pump.
OKX said, “Solana blows all other chains outside the park.”
“Solana is truly a sleeve chain.”
Jupiter Solana Native Dex accounted for almost 70%of Solana’s DEX volume, and OKX praised the platform that optimizes the slip to provide accurate real -time price data and minimize the risk of platform.
A large portion of Solana’s Dex volume came from Memecoin, President of Donald Trump, two days before his inauguration on January 20, followed by another meme of his wife Melania.
Official Trump and Melanie Memoin surpassed more than $ 20 billion in peak levels.
relevant: This time, it will lead to less than $ 3.5K until these three things happen.
But OKX said Ether Leeum and its class 2 still dominate the weekly and average transactions per address.
Ether Lee token 82% of the actual assets of more than $ 5 billion in blockchains, while Solana explained the 21Shares’ sand huns analysis data, which accounted for a 2.5% share.
The OKX added Ether Leeum also leads the “liquidity full quality” because of its submerged total value and the liquidity of Solana is much smaller.
OKX said, “Solana’s low TVL, large -capacity models are more than a temporary market or the characteristics of the ecosystem’s elasticity will depend on how to adapt to the change of market conditions and to continue to attract liquidity and development.
OKX added that Ether Lee is the “foundation” of distributed finance innovation, and some tier 2 has begun to compete with Solana’s reservoir and high -speed trading functions.
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