Solana Dominates DeFi with $1.845 Billion Daily DEX Trading Volume

According to recent data from DeFiLlama, reported by COINOTAG on October 20, the daily trading volume for decentralized exchanges (DEX) on the Solana blockchain reached an impressive US$1.845 billion, maintaining its position as the top performer for ten consecutive days. This significant uptick highlights Solana’s growing dominance in the decentralized finance (DeFi) sector. Meanwhile, the Ethereum network followed with a robust daily trading volume of US$761.76 million, securing the second spot in the rankings. The Binance Smart Chain (BSC) also showcased strong performance, with its DEX trading volume standing at US$673.57 million, placing it third. These figures signal a competitive landscape within the DeFi market, reflecting ongoing shifts in liquidity and trading activity across various blockchain ecosystems.