How Solana’s $117B DEX volume overtook Ethereum in 2026
The post How Solana’s $117B DEX volume overtook Ethereum in 2026 appeared on BitcoinEthereumNews.com.
Over the past two weeks, both Ethereum [ETH] and Solana [SOL] have declined in value. Recent data shows ETH trading at $2,039, down more than 12% in the past week, while SOL dropped over 17% during the same period, according to CoinMarketCap Solana has been gaining ground in network activity, while Ethereum has experienced a less severe price crash. Transactions, capital flow, DEX volume, and payments data offer insights into how the Ethereum and Solana contest is going in 2026. Capital flow from Solana to Ethereum First, Solana‘s daily transaction activity hit a new peak of 160 million this month, as per Blockworks data. The activity has been growing steadily since November 2021, a period when there was an altcoin season. During this time, SOL was trading around $84. This did not reflect the strength in network activity. However, this weakness was market-wide. Solana’s strength was not only in activity but also in capital inflows. Over the last week, more than $100 million was bridged from other chains to SOL, with Ethereum contributing more than $50 million. This demonstrated Solana’s increasing dominance in transaction activity. Source: deBridge Other chains that significantly bridged to Solana were TRON [TRX], Base, Arbitrum [ARB], and BNB Chain, respectively. Solana doubles Ethereum in DEX volume Solana also surpassed Ethereum in decentralized exchange (DEX) volume. The data showed Solana at $117 billion, more than double Ethereum’s $52 billion, which ranked second. The altcoin outperformed BNB Chain, Base, and Arbitrum, which ranked just behind it. This indicates that Solana is excelling not only in comparison to Ethereum but also across the broader crypto sector. Source: CryptoRank Such high trading volume emanated from projects running on the Solana blockchain. It harbors most of the memecoins, and now tokens in RWA and DePIN, among other sectors, are launching on SOL.…
Filed under: News - @ February 10, 2026 12:31 pm