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Solana remains strong, leading DEX volume for the fifth month with $105B in February. Meanwhile, over $700M in assets moved to its chain, with $400M from Ethereum. NFT adoption is also rising, with 146K users. As Solana breaks key resistance, new price targets come into view. Solana continues to dominate DEX volume statistics, just as it did in previous months. Solana maintains its position as the leader for five consecutive months without any indication of stopping. The February data confirms that Solana maintains its position at the top. Trading volume continues to grow steadily, according to data from DeFiLlama. The chain established $105 Billion in total trade in February, which strengthened its established leadership position. Binance Smart Chain and Ethereum maintained second and third positions, while Base and other chains trailed behind. The ranking system maintains Solana as the first entry every time it repeats. Dexs volume by chain | Source: DefiLlama Users choose platforms based on their speed, performance, minimal fees and reduced costs. The platform maintains robust transaction liquidity across its wide network because transactions process at high speed. The market data indicates this trend will persist for additional days as Solana maintains its position at the top of the market as the best platform. Solana Sees Over $700M in Bridged Assets, With Ethereum Leading the Flow Solana received more than $700 Million worth of assets from different blockchain networks in February, demonstrating its growing popularity for cross-chain liquidity. Ethereum contributed the largest segment of this movement, which resulted in over $400 Million worth of bridged assets. Solana’s ecosystem attracts traders and liquidity providers as they are redirecting their assets from Ethereum to Solana. SOL also attracts Ethereum users because it provides better transaction speed and lower fees than Ethereum’s congested network. The total assets transferred during Ethereum-to-Solana…

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Filed under: News - @ March 4, 2025 9:27 pm