Ethereum Maintains 35% Share of DEX Market, Competitors Like Solana Close In
According to Golden Finance, data from IntoTheBlock shows that Ethereum (ETH) continues to dominate decentralized exchanges (DEXs), holding nearly 35% of the market share. Despite recent pressure on Ethereum's price, its network activity and applications in the DeFi space remain strong. Meanwhile, blockchain networks like Solana, Arbitrum, and BNB Chain are growing rapidly and gradually challenging Ethereum's market position. Among them, Solana has seen a significant increase in trading volume, indicating its growing importance in the DEX market. Arbitrum and BNB Chain are also increasing their market share, reflecting the increasingly competitive nature of the DeFi space.