Solana News Today: Solana Surpasses Ethereum in DEX Volume by 204% for 10 Months

Solana has maintained its leading position in the public blockchain activity rankings for the past seven days, with 21.82 million active addresses, according to data from Nansen [1]. This outperformed other major chains such as BNB Chain (10.90 million), Tron (6.66 million), Base (6.52 million), and Sei (4.96 million), affirming Solana’s strong user engagement and transactional throughput [1]. The network’s continued dominance is attributed to its low fees and high-speed capabilities, which attract both traders and developers [1].

Recent data also shows that Solana’s DEX volume has consistently outpaced Ethereum’s by 204% in January 2025, a performance it has maintained for ten consecutive months [1]. This indicates a growing preference for Solana among DeFi participants seeking faster and cheaper transactions. On the other hand, Ethereum continues to lead in developer activity and ecosystem expansion, particularly through its Layer-2 solutions like Base [5]. However, Solana’s ability to maintain high DEX volume and user activity demonstrates its real-world utility and adoption [1].

In terms of price, Solana has been trading within a narrow range of $138–$205 since early August 2025, forming an ascending wedge pattern that is traditionally seen as a bearish signal [2]. Analysts caution that this pattern may precede a pullback before any new upward trend [2]. The current price of around $175 reflects a balance between ETF speculation and competitive pressure from other major blockchains such as Chainlink and Cardano [3].

Despite this price consolidation, Solana continues to show robust community engagement, ranking third in unique user mentions and social interaction metrics according to Coinbase data [4]. This suggests that while the price may be in a waiting phase, the platform remains a hub for active users and developers [4].

Looking at the broader market, investors are increasingly seeking the next potential 100x crypto asset, with attention shifting toward innovative Layer-2 projects that blend technical development with meme-driven momentum [6]. Solana, while no longer in a hyper-growth phase, has demonstrated resilience through strategic initiatives such as the acquisition of an anti-fraud browser extension, which enhances user trust and security [6].

With a market cap of approximately $105.3 billion, Solana is no longer viewed as a speculative moonshot but rather as a mature platform competing on infrastructure, security, and user adoption [6]. While the likelihood of another 100x price movement has diminished, the network’s ability to sustain high on-chain activity and developer interest remains critical to its long-term success [1].

Source:

[1] https://www.ainvest.com/news/solana-dex-volume-surpasses-ethereum-204-january-2025-2508/

[2] https://www.ainvest.com/news/solana-sol-price-prediction-august-25-2025-convergence-momentum-fundamentals-2508/

[3] https://www.mitrade.com/au/insights/news/live-news/article-3-1065896-20250825

[4] https://www.coinbase.com/en-in/price/solana

[5] https://cryptoslate.com/defi-resurgence-2025-layer-1-leaders-poised-for-a-post-biden-comeback/

[6] https://www.barchart.com/story/news/34358997/solana-retraction-healthy-say-experts-but-point-to-lbrett-as-next-100x-meme-coin