Solana DEX Dominates with $12.7 Billion Trading Volume, Leading the Market for Four Consecutive Weeks

According to data from DeFiLlama reported by COINOTAG News on November 4th, the on-chain DEX on Solana continues to lead the market with a notable trading volume of $12.728 billion over the past week. This marks the fourth consecutive week that Solana has secured the top spot, despite experiencing a 19.91% decline in trading activity. In contrast, the Ethereum-based on-chain DEX saw a trading volume of $9.835 billion, reflecting a healthy 10.87% increase as investor interest resurged. Meanwhile, Base‘s on-chain DEX reported a trading volume of $7.618 billion, showing a commendable 6.62% growth. On the BSC front, the on-chain DEX experienced a trading volume of $4.977 billion, with a 13.48% decrease. Finally, Arbitrum demonstrated resilience with a trading volume of $4.263 billion, achieving a 15.94% increase in activity.