Solana’s DEX trading volume reached nearly 3.8 billion USD in 24 hours, surpassing Ethereum and Base. Ethereum recorded 1.7 billion USD, while Base had 1.2 billion USD. This surge indicates Solana’s rising prominence in DeFi, reflecting its competitive stance against Ethereum.

Solana’s total value locked (TVL) saw impressive growth, increasing from approximately 1.4 billion USD to over 9.5 billion USD in 2024. Retail traders are increasingly engaging with Solana due to growing interest in memecoins and AI tokens, suggesting a shift in trading dynamics.