Ethereum Outpaces Solana to recover No. 1 area as Dex’s leading chain for the first since September
Last month, Ethereum reclaimed its title as the leading intelligent contract blockchain for the decentralized exchange (DEX), while the market market has slipped activity in Solana, the go-to platform for Memecoin traders.
Ethereum -based DEXs registered in a leading trading trade industry of $ 64.616 billion in March, Solana’s tally defeated $ 52.62 billion by 22%, according to data source resources Parade. It was the first time since September that Ethereum had led the charts, pushing Solana to two seats.
The change in leadership occurred as the total capitalization of the crypto market fell 4.2% to $ 2.63 trillion, reaching a 20% February loss, as the uncertainty and macroeconomic failure of the lack of fresh BTC purchases in the US strategic reserve found a bitcoin slip below $ 80,000.
The Bearish Market sentiment dampened speculation throughout the broader scenery, especially within the Memecoin sector, as can be seen in significant decline in Raydium activity, the leading DEX based in Solana and a hotspot for meme trading meme in late 2024.
Throughout March, Raydium Not lying A single day with a trading volume of over $ 1 billion, featuring a huge decline from a record-high $ 13 billion on January 18, Data Data show.
In addition, the daily volume in Solana based on the Memecoin Launch pad na -Average Less than $ 100 million in March, significantly from the peak of $ 390 million in mid -January. The activity on Solana -based dexes peeked into President Donald Trump’s trump token in January.
Meanwhile, Ethereum’s outperformance was driven by Uniswap, which achieved More than $ 30 billion in trading volume, with liquid taking a distant second place with $ 9 billion in activity.
However, Ethereum’s Ether Token fell by more than 18% to $ 1,822 in March, registering a greater losses than Sola’s Sol token, which fell 15.8%, per tradingview and CoinDesk resource data.
