0
0
News

Ethereum Reclaims Top Monthly DEX Trading Volume Spot from Solana

Ethereum has regained its position as the top chain for decentralized exchanges for the first month since September.
0
0
Apr 1, 2025 • 1 min read

Ethereum reclaimed the #1 spot as the leading DEX trading chain in March, surpassing Solana amidst bearish market conditions, CoinDesk notes.

What’s the Scoop?

  • Ethereum Leads DEX Trading: Ethereum reclaimed its status as the leading blockchain for decentralized exchange (DEX) trading in March, surpassing Solana.
  • Bearish Market Conditions: A bearish market, especially within the memecoin sector, led to a decline in activity on Solana-based DEXes.
  • Uniswap's Dominance: Ethereum's success was driven by Uniswap, which achieved over $30 billion in trading volume during March.
  • Activity Decline on Solana: Solana-based platforms like Raydium saw drastic reductions in trading volume, contributing to Ethereum's resurgence.
  • Ethereum's Challenges: Despite its success, Ethereum's ether token fell by 18% in March, citing inflationary tokenomics and growing Layer 2 adoption as factors.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.