Solana is on its way to extending her four -month career on Ethereum and other intelligent contract block chains in the decentralized exchange volume (DEX), even when the range of range of rank fights to capture the enthusiasm of the operators.
The Dexs, based in Solana, have published a total negotiation volume of just over $ 60 million this month, almost double the $ 34 million in Ethereum, the largest smart contract block chain, according to the source of Defillage data.
“The lowest Solana rates and the greatest performance continue to attract developers and users, highlighting their growing role in decentralized finances,” said Tagus Capital.
Solana has maintained her pole position since October. In particular, in January, Dexs, based in Solana, reached the negotiation volume of $ 258 billion with Ethereum dragging only $ 86 billion.
Solana’s domain, driven by Memecoin Frenzied trade, is not limited to the volume of transactions. Despite its reputation as a low -cost block chain, Solana has generated $ 25 million in revenues so far this month compared to the $ 16 million Ethereum. In January, Solana won $ 124 million, Ethereum $ 109 million.
The performance supports the upward case in the Sol-Eth ratio, which reached its maximum point about 0.09 in January and since then it has been withdrawn to 0.075, as shown by the TradingView platform data.
Even so, Tagus Capital said that the total value of blocked solar (TVL) at $ 9 billion remains much lower than the $ 57 billion of Ethereum.
