3時間前
Solana Overtakes Ethereum in DEX Trading Volumes, Pushes Deeper Into Tokenized RWAs
Solana is widening its lead over Ethereum in decentralized exchange (DEX) trading activity, posting higher daily, weekly and monthly volumes as retail participation remains strong and transaction costs stay low. At the same time, the network is gaining traction in tokenized real-world assets (RWA), with on-chain RWA value now topping $2 billion. Ethereum continues to dominate institutional usage, though recent capital allocation patterns point to a gradual tilt toward Solana's faster, more scalable infrastructure.
DefiLlama data shows Solana handled about $920 million in 24-hour DEX volume on April 6, versus $563.47 million on Ethereum. The outperformance extends across longer windows: $11.49 billion over the past seven days and $51.54 billion over the last 30 days.
The sustained edge reflects more than short-term speculation. Solana's low fees, high throughput and execution efficiency continue to attract active traders. Ethereum still offers deeper liquidity, but higher costs are pushing frequent users toward cheaper venues. Base, BSC and Polygon remain in the mix, though current figures suggest DEX activity is increasingly concentrated on Solana and Ethereum, with the two chains serving distinct user segments rather than one fully displacing the other.
Beyond DeFi, Solana is also accelerating in RWAs. Excluding stablecoins, the network now hosts more than $2 billion in tokenized assets, led by tokenized equities. Over the past year, RWA value and transfer volumes on Solana have increased roughly 10x.
Adoption is rising alongside issuance. The number of addresses holding tokenized assets on Solana has climbed 440% year over year to 218,000. Token Terminal data indicates Solana supports nine of the ten most widely held tokenized stock deployments.
Ethereum remains the sector leader, accounting for roughly 61% of the tokenized asset market and settling about $206 billion annually. Its infrastructure continues to be the default choice for institutions and large-scale financial operations. Still, growing experimentation on Solana suggests diversification in how capital is being deployed. If current trends hold, Solana could further narrow Ethereum's advantage in segments where speed, cost and accessibility drive user choice.