Solana is on the right track to prolong her four -month race on Ethereum and other smart contract blockchains in the volume of decentralized exchange (DEX), even if the crypto market in the range has trouble grasping The enthusiasm of the trader.
According to Data Source, Dex, based in Solana, has displayed a total trading volume, almost double the $ 34 million on Ethereum, the largest smart contract blockchain.
“Solana’s lower costs and higher speed continue to attract developers and users, highlighting its growing role in decentralized finance,” said Tagus Capital.
Solana has held its pole position since October. In particular, in January, Dexs, based in Solana, reached a volume of negotiation of $ 258 billion with Ethereum dragging only $ 86 billion.
The domination of Solana, propelled by the trading of frenzied same, is not limited to the volume of transactions. Despite its reputation as a low cost blockchain, Solana has generated revenues of $ 25 million so far this month, against $ 16 million from Ethereum. In January, Solana won $ 124 million, Ethereum $ 109 million.
The performance supports the optimistic case in the Sol -Th report, which culminated nearly 0.09 in January and has since been fell to 0.075, data from the tradingView mapping platform show.
However, Tagus Capital noted that the total value of locked Solana (TVL) at $ 9 billion remains much lower than the $ 57 billion in Ethereum.
