#SolanaDEX Solana has consolidated as the network with the highest activity in decentralized exchanges (DEX), displacing Ethereum from a space it had historically dominated. DEX volume refers to the sum of the value of all operations conducted on decentralized trading platforms across both chains.

Unlike centralized exchanges, in DEX transactions are processed directly on the chain, in real-time, through smart contracts, which more directly reflects the level of activity on each network. Solana has surpassed Ethereum in DEX volume almost uninterruptedly. The only exception occurred in March 2025, when Ethereum briefly took the lead. The rest of the period shows a sustained advantage for Solana in this metric. In July, the DEX trading volume on Solana reached 124 billion dollars, representing a 56% increase compared to June and 42% above what was recorded on Ethereum in the same month.

These statistics on DeFi trading volume imply a reconfiguration of the use of networks. Although Ethereum continues to be the most used infrastructure for smart contracts, Solana has managed to position itself as the preferred network for decentralized exchanges, a key indicator of activity within the ecosystem.