{"id":145801,"date":"2024-12-31T12:00:04","date_gmt":"2024-12-31T10:00:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145801"},"modified":"2024-12-30T22:41:02","modified_gmt":"2024-12-30T20:41:02","slug":"solana-sees-major-dex-growth-in-2024-challenging-ethereums-dominance","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/solana-sees-major-dex-growth-in-2024-challenging-ethereums-dominance\/","title":{"rendered":"Solana Sees Major DEX Growth in 2024, Challenging Ethereum&#8217;s Dominance"},"content":{"rendered":"<p>Despite growing competition, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>outpaced <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana<\/a><\/strong>, which ended the year at $626 billion, and BNB Chain with $352 billion.<\/p>\n<p>The DEX sector saw a <strong><a href=\"https:\/\/dune.com\/queries\/4319\/22558\" target=\"_blank\" rel=\"nofollow\">resurgence<\/a><\/strong>, with total value locked reaching $24.46 billion by year-end, including $8.46 billion on Ethereum.<\/p>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/uniswap\/\">Uniswap<\/a> <\/strong>stood out, achieving over $90 billion in trading volumes in the final two months, supported by low-cost transactions on Layer 2 networks like Base.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/grayscale-identifies-top-cryptos-with-high-potential-for-q1-2025-growth\/\" title=\"Grayscale Identifies Top Cryptos with High Potential for Q1 2025 Growth\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2021\/08\/crypto-green-impulse-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Grayscale Identifies Top Cryptos with High Potential for Q1 2025 Growth<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Solana gained traction in 2024 with protocol migrations and the launch of high-profile meme tokens like PENG.<\/p>\n<p>Platforms such as <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/raydium\/\">Raydium<\/a> <\/strong>and <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/jupiter-ag\/\">Jupiter<\/a> <\/strong>facilitated increased activity, with bots accounting for 86% of its trading volume.<\/p>\n<p>While Ethereum focused on stability and liquidity for major assets, Solana capitalized on emerging trends, marking a year of dynamic competition in decentralized finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, Ethereum solidified its dominance in decentralized exchange (DEX) activity, recording $674 billion in annual trading volumes, driven largely by Uniswap V3\u2019s liquidity for wrapped ETH and stablecoins.<\/p>\n","protected":false},"author":9,"featured_media":46562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-145801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Sees Major DEX Growth in 2024, Challenging Ethereum&#039;s Dominance<\/title>\n<meta name=\"description\" content=\"In 2024, Ethereum 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