The Solana blockchain is hitting back-to-back milestones on DEXs whereas SOL worth struggles to maintain up available in the market. Recent knowledge reveals that Solana is main all chains in weekly DEX quantity for the fifth consecutive week, hitting $26.24 billion within the final 7 days with a surge of over 15%.
The worldwide digital property market remained marginally down on Monday morning after recording every week stuffed with excessive fluctuations. The most important cash like Ethereum (ETH) and Solana (SOL) dropped by 4% and 6%, respectively. The cumulative crypto market cap dropped by 2% over the past 24 hours to face at $3.25 trillion, with a buying and selling quantity of $151 billion.
Solana is consuming Ethereum’s lunch
As per DefiLlama knowledge, Solana-based DEXs quantity stood at $2.96 billion within the final 24 hours, whereas BSC noticed $4.36 billion quantity in the identical interval. Nonetheless, the chain is holding the highest spot in weekly quantity, with DEX complete worth locked (TVL) of three.33 billion.
Over 325K new tokens had been launched on Solana within the final 7 days. The chain has posted inflows of round $175 million price of property from different chains. This inflow contains $90 million coming straight from Ethereum alone.
📊REPORT: Within the final 7 days, @Solana noticed inflows of over $175 million price of property from different chains.
(This contains $90M+ from Ethereum to Solana alone) pic.twitter.com/uDvyTW0Fd7
— SolanaFloor (@SolanaFloor) Might 19, 2025
Knowledge from High Ledger reveals that Solana-based DEXs have processed over $905 billion in buying and selling quantity to date, and we’re nonetheless in Might. January alone accounted for over $408 billion in quantity, pushed by a strong crypto market rally that began in late 2024 and peaked in early 2025.
Solanafloor shared that Solana-based apps are persevering with to dominate income and surpassing the mixed income of all different chain apps. Axiom has generated a income of over $21 million to take the highest spot, whereas Pump.enjoyable has managed to guide income of greater than $8 million.
Ethereum drops 4% TVL final week
The most important chain, Ethereum, appears to be dropping floor a bit as its weekly DEX quantity dropped by greater than 2% to face at $15.71 billion. Then again, BSC is climbing up with a weekly surge of 76% and hitting $25.53 billion.
Ethereum has misplaced round 4% of its DeFi TVL within the final 7 days however continues to be up by 31% over the previous month. Its TVL stands at $60.23 billion with 1340 protocols. Solana has additionally recorded related actions as its TVL is down by 4.12% within the final 7 days and up by 28% over the previous month.
ETH worth has surged by over 50% within the final 30 days, depicting a large restoration. Nonetheless, its worth has dropped by 6% within the final 7 days. Ethereum is buying and selling at a median worth of $2,412 as of press time. Its 24-hour buying and selling quantity is up by 132% to $32.8 billion.
Solana, which is the most important competitors for Ethereum proper now, recorded a bounce of 17% within the final 30 days after dropping 8% of its achieve over the 7 days. SOL is buying and selling at a median worth of $162 as of press time. Its 24-hour buying and selling quantity is up by 129% to face at $5.26 billion.
