- In January 2025, Solana’s DEX volume reached $262 billion, which was 204% higher than Ethereum’s volume.
- Data from SolanaFloor shows a July volume of $124 billion, a 56% increase from the previous month’s total.
For the past ten months, Solana has maintained higher decentralized exchange activity than Ethereum. This represents a change in a sector where Ethereum had long been the leading network.
Decentralized exchange volume measures the total value of all trades made on DEX platforms. These platforms operate using smart contracts, which process transactions directly on the blockchain. This offers a clear view of real-time network activity.
Data from the analytics firm Artemis shows that Solana began consistently exceeding Ethereum’s DEX volumes in October 2024. The only exception occurred in March 2025, when Ethereum briefly retook the lead. Beyond that instance, Solana has held the advantage.
The largest gap was recorded in January 2025
Artemis reported Solana’s DEX volume at $262 billion, compared to $86 billion on Ethereum. This indicates Solana processed 204% more volume than its competitor that month. Another source, SolanaFloor, reported an even larger difference, estimating Solana’s January volume near $400 billion.
Although absolute figures differ between tracking platforms, both reflect the same overall trend. In July, SolanaFloor recorded a Solana DEX volume of $124 billion. This represents a 56% increase from June and places Solana 42% above Ethereum’s volume for the same month.
This week in data by @SolanaFloor:
Solana outpaced Ethereum in DEX trading volume for the 10th consecutive month, reaching $124B in July, 42% higher than Ethereum. pic.twitter.com/TT0nb8wrtm
— Solana (@solana) August 23, 2025
This shift in trading activity indicates a change in how blockchain networks are being used. While Ethereum remains the most widely used smart contract platform, Solana has become the preferred network for decentralized trading. DEX volume serves as a useful indicator of practical user engagement.
Solana Eyes $210 Break as VanEck JitoSOL ETF Speculation Lifts Staking TVL
Solana (SOL) is trading at $204.82 USD, showing a daily gain of 0.85%, with an 8.48% increase over the past week and 12.48% over the last month. Year-to-date, SOL is up 33.54%, sustaining a strong uptrend supported by expanding ecosystem activity and growing investor confidence.
Solana is benefiting from a combination of macro and project-specific catalysts. Notably, VanEck has filed for a JitoSOL ETF, the first spot Solana ETF backed by a liquid staking derivative, fueling institutional speculation and increasing TVL in staking protocols.
This development comes at a time when the Solana network continues to see rising dApp deployment and NFT traction, particularly in gaming and AI-integrated protocols. Its hybrid Proof-of-History/Proof-of-Stake consensus is maintaining competitive block finality and throughput, giving it a performance edge against Ethereum in certain use cases.
Technically, SOL remains in a high-volume accumulation zone just under major resistance near $210. RSI is not yet in overbought territory, hovering around 63–65, suggesting there’s room for further movement.
MACD remains strongly bullish, and volatility is measured at 5.45%, offering controlled breakout potential. The all-time high of $295 set in January 2025 remains a medium-term target, while immediate resistance lies at $215 and $234.
Given the current bullish sentiment, strong staking inflows, and ETF speculation, Solana is poised to attempt another leg upward. If SOL breaks and holds above $210 in the next week, momentum could carry it to $240–$250 before the end of September.
