{"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’s Dominance"},"content":{"rendered":"
Despite growing competition, Ethereum<\/a> <\/strong>outpaced Solana<\/a><\/strong>, which ended the year at $626 billion, and BNB Chain with $352 billion.<\/p>\n The DEX sector saw a resurgence<\/a><\/strong>, with total value locked reaching $24.46 billion by year-end, including $8.46 billion on Ethereum.<\/p>\n 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 Solana gained traction in 2024 with protocol migrations and the launch of high-profile meme tokens like PENG.<\/p>\n Platforms such as Raydium<\/a> <\/strong>and Jupiter<\/a> <\/strong>facilitated increased activity, with bots accounting for 86% of its trading volume.<\/p>\n 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":" 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":[258,92,271,77,266,291],"coin_category":[],"class_list":["post-145801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bnb","tag-bnb-chain","tag-ethereum","tag-layer-2","tag-solana","tag-uniswap"],"acf":[],"yoast_head":"\nRead More:<\/h5>\n \n
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