Ethereum maintains a 35% share of the DEX market, with competitors such as Solana accelerating to catch up
2024-09-14 21:42:22
According to IntoTheBlock, Ethereum (ETH) continues to dominate decentralized exchanges (DEXs) with a market share of nearly 35%. Despite the recent pressure on the price of Ethereum, its network active level and application in the DeFi space remain strong. At the same time, blockchain networks such as Solana, Arbitrum and BNB Chain are growing rapidly and gradually challenging Ethereum's market position. Among them, Solana's transaction volume has increased significantly, showing its increasing importance in the DEX market. Arbitrum and BNB Chain are also increasing their market share, reflecting the increasing competition in the DeFi space.
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