Last month, Ethereum claimed its title as the leading intelligent contract block chain for the decentralized exchange trade (DEX), since the market decreased the activity in Solana, the reference platform for Memecoin merchants.
Ethereum headquarters registered a leading cumulative negotiation volume of the industry of $ 64,616 billion in March, exceeding the Solana account of $ 52.62 billion in 22%, according to the defilama data source. That is the first time since September that Ethereum headed the lists, pushing Solana to the number two place.
The change in leadership occurred as the total capitalization of the market crypto fell 4.2% to $ 2.63 billion, which extended 20% loss of February, since the macroeconomic uncertainty and the disappointment about the lack of new purchases of BTC in the strategic reserve of the United States.
The feeling of the bearish market decreased speculation in the broader landscape, especially within the memecorous sector, as reflected in the significant decrease in Raydium activity, the Dex leader based on Solana and an access point for memes trade in the late 2024.
Throughout March, Raydium did not register a single day with the negotiation volume exceeding $ 1 billion, highlighting a considerable decrease in its record record of $ 13 billion on January 18, as shown in the defillion data.
In addition, the daily volume in the Memecoin launch platform based in Solana averaged less than $ 100 million in March, at least for the peak of $ 390 million in mid -January. The activity in Dexes, based in Solana, reached the debut of the Token Trump of President Donald Trump in January.
Meanwhile, Ethereum’s superior yield was promoted by Uniswap, which reached more than $ 30 billion in negotiation volume, and the fluid took the second distant place with $ 9 billion in activity.
Even so, Ethereum’s Token Ether fell more than 18% to $ 1,822 in March, registering larger losses than the Token Sol de Solana, which fell by 15.8%, according to the TradingView and Coendesk data source.
According to the observers, the inflationary tokenomics of Ether and the growing popularity of layer 2 solutions, which supposedly the siphon activity of the main chain, are responsible for the low performance of Ether.
