Ethereum News Today: Solana Surpasses Ethereum in DEX Perpetuals Trading

Solana has recently overtaken Ethereum in perpetuals trading on decentralized exchanges (DEXs), becoming the second-largest market after Hyperliquid, according to insights from Mitrade [1]. This shift underscores Solana’s increasing appeal in the derivatives market, particularly among traders seeking faster and lower-cost blockchain solutions. Solana’s high throughput and low fees have positioned it as a formidable competitor to Ethereum, particularly in the decentralized finance (DeFi) sector.

The price of Solana has been fluctuating within a tight range, currently between $167 and $192 [1]. If it gains further momentum, it could break through key resistance levels at $201 and potentially reach $226, representing an 18% increase from its current high. Over the past month, Solana has seen a rise of more than 16%, indicating signs of steady recovery and upward potential. However, any pullback could find support at around $152, suggesting the market remains cautiously optimistic.

In contrast, Ethereum is showing stronger bullish momentum. Its price is currently ranging between $3,500 and $4,500, with a 45% increase recorded over the past month [1]. If Ethereum breaks the $4,800 resistance level, it could aim for $5,700, representing a potential 25% gain from its current top range. A recent weekend rally saw a 16% surge in ETH’s price, signaling growing confidence among investors. Ethereum’s ecosystem continues to evolve, with platforms like GMX working to improve user protections and recovery processes following recent security issues [3].

Despite Ethereum’s dominance in the broader crypto ecosystem, the recent shift in perpetuals trading activity to Solana raises questions about its ability to reclaim the lead in this specific segment. While Ethereum benefits from a mature infrastructure and ongoing layer-2 developments such as Base, Solana’s efficiency and scalability have attracted traders looking for alternative solutions [5]. The competition between the two blockchains is expected to intensify as more users and platforms explore decentralized derivatives trading.

Coinbase’s recent $2.9 billion acquisition of Deribit has added another layer of uncertainty to the market [4]. The merger aims to integrate spot, options, futures, and perpetuals trading into a unified platform. While the final host blockchain for these services remains unclear, the move could influence Ethereum’s position in the DEX derivatives market. Meanwhile, Ethereum’s price dropped below 4,500 USDT on August 14, 2025, marking a 4.13% decline in 24 hours [2], amid broader market volatility and uncertainty.

The current technical setups of both Solana and Ethereum suggest that either could extend its gains in the coming weeks, depending on market sentiment and trading volumes. Traders are closely monitoring key resistance levels and volume shifts to assess which blockchain will emerge as the dominant force in perpetuals trading. As the market evolves, the battle between these two leading blockchains will likely shape the future of decentralized finance and derivatives trading.

Source:

[1] title: Solana overtakes Ethereum in perps trading (https://www.mitrade.com/insights/news/live-news/article-3-1042517-20250815)

[2] title: Bybit EU Launches MiCA-Compliant Launchpool with XION (https://m.economictimes.com/crypto-news-today-live-14-aug-2025/liveblog/123288029.cms)

[3] title: Ethereum: Latest News, Social Media Updates and Insights (https://cryptorank.io/news/ethereum)

[4] title: Coinbase Completes $2.9 Billion Deal to Take Over Deribit (https://coincentral.com/coinbase-completes-2-9-billion-deal-to-take-over-deribit/)

[5] title: Meme Coins on Solana: How Zora's Surge is Reshaping ... (https://www.okx.com/en-us/learn/meme-coins-solana-zora-ecosystem)