Decentralized exchange (Dex) Volumes in Ethereum leap Solana for the first time since April after a rapid emotion shift away from Solana-based Memecoins and towards Ether {{Eth}} amid a wave of institutional activity.
Over the past 48 hours the Dex -based Ethereum has facilitated $ 24.5 billion in trading volume compared to Solana’s tally of $ 10 billion, Defillama said.
The two weeks before was also led by Ethereum, with a total of $ 28 billion and $ 27 billion defeating a total of $ 20 billion and $ 24 billion.
This represents a contrast to the businessman’s behavior from earlier this year, led by the Solana and BNB chain in a wave of speculation -haka memecoin trading.
However, the institutional flow to the Ether ETFs spot has increased the second largest cryptocurrency, raising it to $ 4,680 this month after a 53% gain in the past 30 days.
Coinglass Data It is shown that Monday’s net flow among the ETFs led to $ 1 billion at the first time, followed by a more stopping purchase on Tuesday with another $ 523 million flow.
Meanwhile, Solana appears to have lost magic in this year’s second quarter. In January, for example, DEX volumes led $ 98 billion a week and $ 84 billion to the next. That Hype subsided after US President Donald Trump released Trump’s Memecoin, who eventually lost more than 88% of its value in the next seven months, a moment devoving the investor’s confidence in Memecoins.
Uniswap remains Most commonly used dex In Ethereum with $ 8.6 billion exchanged over the past 24 hours, the next best of being liquid, which rose by $ 1 billion At the same time.
A change in behavior can be well-bodied for Ethereum-based tokens, which has experienced a strengthening following SEC clarification last week. Tokens such as the LDO, the token of management of liquid staking protocol Lido was up to 65% last week.
