
Solana's DEX trading volume decreased by over 10% last week, while Ethereum, Base, and Sui saw increases in their DEX volumes. Despite this decline, Solana still holds second place in network trading volume, with $11 billion compared to Ethereum's $16.5 billion. Solana's TVL is significantly lower than Ethereum's, at $1.74 billion versus $6.44 billion. However, Solana is capturing nearly 10% of the DEX market, and institutional investors are increasingly allocating funds to its ecosystem, potentially driving future growth. Source: The Block