Crypto: Ethereum dethroned by Solana in terms of decentralized exchange volume – Cointribune EN
Mon 13 May 2024 3 min of reading by Ariela R.
In the ever-evolving world of cryptocurrencies, the order of platform supremacy seems established. But the emergence of new players is challenging this current order. This is the case for Solana (SOL), which has just overtaken Ethereum (ETH) in terms of DEX volume.
Launched in 2020, the cryptocurrency platform Solana stands out for its transaction speed and low fees. This makes it particularly attractive to DeFi users. This crypto blockchain has experienced exponential growth in recent months, attracting many investors and developers.
According to recent data, DEX trading volume on Solana has reached $1.3 billion. For the first time, this volume exceeds that of Ethereum, which is at $1.29 billion. This remarkable performance marks a turning point in the competition between the two crypto platforms. It indicates the potential of Solana to emerge as a promising alternative to Ethereum.
In addition to the DEX trading volume of Solana, its transaction fees have also increased. These have reached 50% of the fees generated on the Ethereum crypto network lately. Analysts also predict that soon, transaction fees on the Solana network could surpass those of Ethereum.
Speaking of increases, the price of SOL has also seen a rise of over 6% in 24 hours. This situation propels Solana to the rank of the most performing altcoins in the crypto market.
Solanas surpassing of Ethereum in DEX trading volume is a strong signal of its potential to become a major player in the DeFi space. Its speed, negligible fees, rapidly expanding ecosystem, and innovative technology make Solana an attractive alternative for users and developers.
Although Ethereum maintains its dominance in terms of market capitalization, Solana is now positioning itself as a serious contender, ready to shake up the established crypto order.
Maximize your Cointribune experience with our 'Read to Earn' program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.
Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rdaction web depuis maintenant 7 ans. Je n'ai dcouvert le trading et la cryptomonnaie que depuis quelques annes. Mais c'est un univers qui m'intresse beaucoup. Et les sujets traits au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Read more:
Crypto: Ethereum dethroned by Solana in terms of decentralized exchange volume - Cointribune EN
- Pudgy Penguins' Ethereum Layer-2 Abstract Is Shutting Down - Yahoo Finance - October 6th, 2026 [October 6th, 2026]
- Ethereum Validator Count Falls to 863,000 as Staked ETH Edges Higher - The Defiant - October 6th, 2026 [October 6th, 2026]
- Bitcoin, Ethereum, XRP, Dogecoin Slide After Fresh Macro Data: Analyst Says This BTC 'Trigger' Could Pote - Benzinga - October 6th, 2026 [October 6th, 2026]
- Arthur Hayes Sees Ethereum at $10,000 by December. Ethereum Has Never Gained 270% in a Quarter From This Size. - 24/7 Wall St. - October 6th, 2026 [October 6th, 2026]
- A 100% sponsor fee waiver will last longer for 21Shares Ethereum Staking ETF (TETH). - Stock Titan - October 6th, 2026 [October 6th, 2026]
- Ethereum (ETHUSD) Suddenly Goes down 1.06% on Oct 6: What You Need to Watch - TradingKey - October 6th, 2026 [October 6th, 2026]
- Ethereum Price Prediction: Risk of a Pullback to $2,400 Increases as Volumes Drop - FXEmpire - October 6th, 2026 [October 6th, 2026]
- Ethereum Layer 2 Blast Is Shutting Down: What Happens to Your Coins? - Yahoo Finance - October 6th, 2026 [October 6th, 2026]
- Ethereum Layer 2 Blast Is Shutting Down: What Happens to Your Coins? - 24/7 Wall St. - October 6th, 2026 [October 6th, 2026]
- BitMine Shares Outperformed Ethereum in 2026, and Tom Lee Highlights One Move - Yahoo Finance - October 6th, 2026 [October 6th, 2026]
- Ethereum bears keep selling but ETH stays near $2,700 as US spot ETFs record $206 million in outflows - CryptoSlate - October 6th, 2026 [October 6th, 2026]
- Only Five Coins Have Gained Over the Past Year: What Do They Have in Common While Bitcoin, Ethereum, and XRP Have Plummeted? - 24/7 Wall St. - October 6th, 2026 [October 6th, 2026]
- Is It Too Late to Buy Ethereum at $2,724 With ETH Still 45% Below Its High? - 24/7 Wall St. - October 6th, 2026 [October 6th, 2026]
- Ethereum Glamsterdam hits Sepolia with 200 million gas limit test - Crypto News - October 6th, 2026 [October 6th, 2026]
- CLARITY Act Is Dead, but First 3x Bitcoin and Ethereum ETFs Clear US Regulatory Hurdle - CCN.com - October 6th, 2026 [October 6th, 2026]
- Arthur Hayes Sees Ethereum at $10,000 by December. Ethereum Has Never Gained 270% in a Quarter From This Size. - AOL.com - October 6th, 2026 [October 6th, 2026]
- Not Only Ethereum: Owner of 4.9% of All ETH, Tom Lee, Is Bullish on Small Caps - TradingView - October 6th, 2026 [October 6th, 2026]
- Pudgy Penguins-backed Ethereum L2 Abstract to shut down after losing 'tens of millions' - The Block - October 6th, 2026 [October 6th, 2026]
- Ethereum platform Blast is shutting down - Yahoo Finance - October 6th, 2026 [October 6th, 2026]
- Ethereum layer-2 Abstract to shut down Dec 15; users must withdraw funds or lose access - Pluang - October 6th, 2026 [October 6th, 2026]
- ETHA Reverse Split Today: What the 1-for-3 iShares Ethereum Trust Split Means - EBC Financial Group - October 6th, 2026 [October 6th, 2026]
- Ethereum layer-2 network Abstract to shut down on Dec 15 after 18 months of losses - Pluang - October 6th, 2026 [October 6th, 2026]
- Netherminds Work on Ethereum Draws Attention from Vitalik - Cryptonews.net - October 6th, 2026 [October 6th, 2026]
- Analysts Set Ambitious Bull Market Targets For Bitcoin, Ethereum, and XRP - BeInCrypto - October 6th, 2026 [October 6th, 2026]
- Ethereum Layer 2 Blast Is Shutting Down: What Happens to Your Coins? - AOL.com - October 6th, 2026 [October 6th, 2026]
- Ethereum holds near $2,718 amid sideways tradin... - Pluang - October 6th, 2026 [October 6th, 2026]
- XRP Ledger Posts 8.84% RWA Growth, Outpaces Ethereum and Top Networks - KuCoin - October 6th, 2026 [October 6th, 2026]
- Ethereum Validator Count Falls to 863,000 as Staked ETH Rises - Altcoin Buzz - October 6th, 2026 [October 6th, 2026]
- Technicals signal bitcoin shift, Ethereum gears up for Glamsterdam: Crypto Week Ahead - CoinDesk - October 6th, 2026 [October 6th, 2026]
- Ethereum settles above $2,700 for first time in 9 months as BitMine buys 15K ETH and technical outlook brightens. - Pluang - October 6th, 2026 [October 6th, 2026]
- Bitcoin, Ethereum or XRP: We Asked AI Models Which Gets Back to Its All-Time High First - Yahoo Finance - October 4th, 2026 [October 4th, 2026]
- Tom Lee's Bitmine Is Buying Ethereum Hand Over Fist. Is the Long-Awaited Crypto Bull Market Finally Here? - The Motley Fool - October 4th, 2026 [October 4th, 2026]
- MetaMask Security Incident Prompts Exit of Affected Ethereum Validators - The Hacker News - October 4th, 2026 [October 4th, 2026]
- Sharplink (SBET) Rebrand Puts Its Ethereum Pivot In Focus Following An Overvalued Narrative - Simply Wall Street - October 4th, 2026 [October 4th, 2026]
- Ethereum ETFs Outpace Bitcoin ETFs in 2026 Inflows - 24/7 Wall St. - October 4th, 2026 [October 4th, 2026]
- Ethereum ETFs Saw Outflows Three Days Running After a $690 Million Week. Is Fund Demand Drying Up? - 24/7 Wall St. - October 4th, 2026 [October 4th, 2026]
- Tom Lee's Bitmine Is Buying Ethereum Hand Over Fist. Is the Long-Awaited Crypto Bull Market Finally Here? - AOL.com - October 4th, 2026 [October 4th, 2026]
- Bitcoin, Ethereum, and Solana ETFs All Saw Outflows on the Last Day of the Quarter. What Happened? - 24/7 Wall St. - October 4th, 2026 [October 4th, 2026]
- Ethereum Was the Best Major of the Last Quarter at 57% and Still Sits 46% Below Its High. Is $3,000 the Next Stop? - 24/7 Wall St. - October 4th, 2026 [October 4th, 2026]
- Arthur Hayes' $10,000 Ethereum prediction has one big reason behind it - Yahoo Finance Singapore - October 4th, 2026 [October 4th, 2026]
- Ethereum struggles to break $2,800 amid weak ET... - Pluang - October 4th, 2026 [October 4th, 2026]
- Ethereum users get another way to pay privately as zk.money returns after three years - CoinDesk - October 4th, 2026 [October 4th, 2026]
- Google Gemini AI Predicts Ethereum Could Hit $10,000 in Q4 - 99Bitcoins - October 4th, 2026 [October 4th, 2026]
- Ethereum zkAPI and Base Cobalt Upgrade Redefine Crypto Foundations - OneSafe - October 4th, 2026 [October 4th, 2026]
- Is It Too Late to Buy Ethereum After a 72% Quarter? - 24/7 Wall St. - October 4th, 2026 [October 4th, 2026]
- This Top Ethereum Rival Has More Than Doubled in Two Weeks. But Is It a Buy? - The Motley Fool - October 4th, 2026 [October 4th, 2026]
- Can Arbitrum Reach $1? What It Would Take, and Why Ethereum Could Decide It - 24/7 Wall St. - October 4th, 2026 [October 4th, 2026]
- Ethereum eyes $3,000 as $2,800 resistance holds ahead of Glamsterdam upgrade on testnet - Pluang - October 4th, 2026 [October 4th, 2026]
- AI models predict Ethereum price to rise over 9% to above $3,000 by end of October 2026 - Pluang - October 4th, 2026 [October 4th, 2026]
- Ethereum $15,000 Price Prediction Gains Traction as Wallets Hit 207M Does the Demand Add Up? - Yahoo Finance - September 24th, 2026 [September 24th, 2026]
- Bitcoin and ethereum prices today, Wednesday, September 23, 2026: Crypto prices open near 8-month highs. Is the crypto winter over? - Yahoo Finance - September 24th, 2026 [September 24th, 2026]
- Ethereum, Circles Arc Set To Gain With Stablecoins Powering AI, Says BlackRock - Yahoo Finance - September 24th, 2026 [September 24th, 2026]
- Bitcoin Slips Below $85,000 as Ethereum, XRP, Dogecoin Fall With Treasury Yields at 19-Year Highs - Benzinga - September 24th, 2026 [September 24th, 2026]
- What Would It Take for Ethereum to Hit $5,000? - AOL.com - September 24th, 2026 [September 24th, 2026]
- Ethereum Nears $3K Setup With $30B In Open Interest Behind It - Yellow.com - September 24th, 2026 [September 24th, 2026]
- Kevin OLeary Questions Whether Ethereum Will Stay the Industry Standard, Names Solana and Avalanche as Top Alternatives - CryptoRank - September 24th, 2026 [September 24th, 2026]
- Ondo adds in-kind minting for tokenized stocks on Ethereum and BNB - Altcoin Buzz - September 24th, 2026 [September 24th, 2026]
- Ethereum Slips 3.2% -- Crypto Mover - Moomoo - September 24th, 2026 [September 24th, 2026]
- Kalshi Rejects Wash Trading Claims as Report Flags Unusual Activity in Ethereum Perpetuals Market - Yahoo Finance - September 24th, 2026 [September 24th, 2026]
- Analysts consensus on Ethereum (ETH) turns to a strong buy - Finbold - September 24th, 2026 [September 24th, 2026]
- Ethereum Classic jumps 4.72% to $9.09 in one ho... - Pluang - September 24th, 2026 [September 24th, 2026]
- Major Ethereum Bull Tom Lee: ETH Could Hit a New ATH This Year - Cryptonews.net - September 24th, 2026 [September 24th, 2026]
- Ethereum Classic price prediction Why bullish structure is still in play despite 11% correction - AMBCrypto - September 24th, 2026 [September 24th, 2026]
- Bankless Co-Founder Says Zcash Could Be '2026's Ethereum 2021' as Bitcoin Inflows Draw Focus - bloomingbit - September 24th, 2026 [September 24th, 2026]
- Kevin O'Leary Is Certain Ethereum Won't Be the 'Standard' Across Industry Sectors The 'Shark' Says These Coins Could Gain Interest - Yahoo Finance - September 24th, 2026 [September 24th, 2026]
- Puffer Partners with Google Cloud to Power Puffer UniFis Real-Time Ethereum Infrastructure - The Defiant - September 24th, 2026 [September 24th, 2026]
- Kevin OLeary doubts Ethereum will remain the t... - Pluang - September 24th, 2026 [September 24th, 2026]
- Ethereum Price Prediction Shifts After $2,560 BreakoutRemittix Is the Early PayFi Entry Traders Are Chasing - StreetInsider - September 24th, 2026 [September 24th, 2026]
- Why Is Ethereum Up Today? It Just Broke Above $2,672, Opening the Door to $3,000 - 24/7 Wall St. - September 24th, 2026 [September 24th, 2026]
- Ethereum Rally Puts $3,400 in Sight as Corporate Buyer Approaches 5% of Supply - finance.biggo.com - September 24th, 2026 [September 24th, 2026]
- Crypto News: Neon EVM Brings Ethereum Apps to Solana but AlphaPepe Turns AI Trading Into the Bigger Retail Story - StreetInsider - September 24th, 2026 [September 24th, 2026]
- Ethereum Price Prediction: ETH Outpaces Bitcoin With a 75% Three-Month Rally - CryptoRank - September 24th, 2026 [September 24th, 2026]
- Prediction Market Trueo Is Leaping from Base to Ethereum - Yahoo Finance - September 24th, 2026 [September 24th, 2026]
- Ethereum Price Prediction: ETH Crypto Tests 100W SMA and $3,400 Target - KuCoin - September 24th, 2026 [September 24th, 2026]
- What's next as Bitcoin, Ethereum pause rally while XRP ticks higher? - FXStreet - September 24th, 2026 [September 24th, 2026]
- Ethereum could reach $8,600 if it first breaks $5,000, says trader Peter Brandt. - Pluang - September 24th, 2026 [September 24th, 2026]
- Ethereum Analysts Signal Strong Buy Consensus Amid ETF Inflows - KuCoin - September 24th, 2026 [September 24th, 2026]
- Ethereum Elliott Wave Setup Points to $3,000 Before a Deeper Pullback - Investing.com - September 24th, 2026 [September 24th, 2026]
- Ethereum (ETH) Soars 15% Weekly and Now Enters an Interesting Zone: Analyst - CryptoPotato - September 24th, 2026 [September 24th, 2026]
- Bitmine Buys $75 Million Of Ethereum Amid Signs Crypto Winter Is Over - Yahoo Finance - September 22nd, 2026 [September 22nd, 2026]