Solana Outperforms Ethereum and BNB Chain in DEX Volume
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 22 2024Solana's DEX Volume Dominance: Solana has surpassed both Ethereum and BNB Chain in decentralized exchange (DEX) volume, achieving $2.24 billion compared to Ethereum's $1.41 billion and BNB Chain's $703.19 million, capturing approximately 36% of the total market volume.
Price and Market Trends: The price of SOL has shown positive momentum with a recent rise to $185.21, indicating a potential bullish trend that could push the price above $200 if market conditions remain favorable, alongside an increase in Total Value Locked (TVL) at $5.29 billion.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
