Solana vs. Ethereum: The volume chart that ETH maximalists don't want to see today

Recent data from DefiLlama confirms that Solana's DEX volume surpasses Ethereum and its secondary layers, redefining liquidity in today's crypto market.

The Solana network has reached a turning point in the decentralized finance ecosystem. 

According to the latest data from the DeFiLlama platform, Solana processed over $3.500 billion in DEX volume in just 24 hours, far surpassing the $1.544 billion recorded by Ethereum in the same period. This difference isn't limited to a single day, as over the last 30 days, Solana has accumulated nearly $96.000 billion in decentralized transactions, while Ethereum has only reached $66.700 billion. 

Solana is outperforming Ethereum in efficiency and liquidity.

For years, it was argued that Ethereum should be evaluated as a complete ecosystem, including its scaling solutions like Base, Optimism, and Arbitrum. However, even when adding the activity of these secondary layers, the consolidated volume remains below what Solana currently handles natively. 

According to experts, this change in execution dynamics suggests that users are prioritizing operational efficiency and concentrated liquidity, rather than navigating multiple networks.

Solana's monolithic architecture, which centralizes liquidity in a single global state, is demonstrating concrete advantages over Ethereum's modular model. Data suggests that traders are finding more competitive pricing and a smoother asset exchange experience, without the need for bridges or multi-layered asset management.

A streamlined network for digital dollar transactions

Solana's growth goes far beyond simple comparisons of raw volume. To measure its true potential, it is essential to identify what kind of activity is driving those numbers and to distinguish whether it is genuine growth or a speculative phenomenon. 

Although some critics attribute this boom solely to the memecoinsHowever, DefiLlama's data shows a different reality, where a solid infrastructure for digital payments underpins the network. In Solana, The stablecoin market has climbed to $15.700 billion USDC dominates with almost 70% of the total. This reflects that the blockchain platform not only serves for betting on volatile assets, but also functions as a fast and inexpensive way to transfer digital dollars, with costs below one cent.

Ethereum, for its part, maintains its strength in the Total Locked Value (TVL)Ethereum holds over $164.000 billion in stablecoins alone, a figure ten times larger than Solana's. However, data reveals that the stablecoin ecosystem on Ethereum has experienced a slight weekly decline, while on Solana, growth is notable, with an increase of over 5%. 

Thus, while Ethereum is consolidating itself as the reliable reserve for institutional investment and long-term storage of large fortunes, Solana is increasingly standing out as the network that facilitates the active circulation of that money, processing frequent transactions and generating commissions that reinforce its economic model.