Crypto: Solana Shakes Up DEXs And Threatens Ethereum

In recent weeks, Solana seems to be strengthening its position in the DEX market. Some analysts even say it is shaking up the crypto ecosystem. Its rise raises questions about the future of Ethereum.

Solana dominates the DEX market thanks to its speed and reduced fees

According to a report from OKX, the rise of the crypto network Solana relies on three key elements:

• ultra-fast transactions,
• minimal fees,
• optimized tools for developers.

The platform Pump.fun, which facilitates the creation of memecoins, has generated a volume higher than Ethereum in recent weeks.

That’s not all! The DEX Jupiter represents nearly 70% of the trading volume of Solana. This helps optimize price slippage and reduce liquidity risks. This dynamic ecosystem is attracting more and more investors, particularly thanks to the memecoins Trump and MELANIA. The latter have reached a combined market capitalization of $20 billion.

📊 UPDATE: Solana has surged to dominate nearly half of the DEX market, largely driven by the memecoin launchpad Pump. fun, which has seen more volume than the Ethereum network in recent weeks, according to OKX. pic.twitter.com/mY6C7JiDRj

— Cointelegraph (@Cointelegraph) January 30, 2025

Ethereum resists thanks to DeFi and tokenized crypto assets

Despite this dominance, Ethereum retains major advantages. It still dominates the weekly volume per address. This proves that crypto whales remain more active on its network.

Another interesting fact: 82% of tokenized real-world assets are based on Ethereum, compared to only 2.5% for Solana.

The Ethereum ecosystem is also strengthening with its layer 2 solutions, which are beginning to compete with Solana on transaction costs and execution speed. OKX emphasizes that the quality of the liquidity pool on Ethereum remains unmatched. This secures its leadership in decentralized finance.

The question that arises is therefore the following: Can Solana maintain its supremacy in DEXs in the long term? Its model will certainly be tested by the evolutions of the crypto market. The future of the sector could indeed depend on the evolution of crypto trends and the ability of both ecosystems to attract liquidity. A case to follow…