Solana Crypto Not Only Outpaces ETH & Other L-2s, it Leads in 24-Hours DEX Trading Volume

In a surprising turn of events, Solana crypto has emerged as the frontrunner in decentralized exchange (DEX) trading activity.

After a muted end to 2024, the crypto market greeted the new year with a week-long rally from January 1st to January 7th, marking a promising start to 2025. In the first week of 2025, Bitcoin price once again breached the $100,000 mark, while Solana crypto surged to $223.

However, the momentum proved short-lived as nearly 70% of the gains were erased in a synchronized pullback for both Bitcoin and Solana price. Whereas, Bitcoin’s decline, in particular, reignited concerns among investors. This aligns with the cautious view shared by Peter Brandt.

Solana Foundation Proposes SIMD-0215 to Enhance InfrastructureIn a bold stride toward meeting the strong future demand, the Solana Foundation has introduced a ground breaking proposal. This proposal named as SIMD-0215, it is aimed at fortifying the Solana crypto’s network scalability and accommodating billions of user accounts.

Central to this proposal is the mentioning of Accounts Lattice Hash (ALH). Which, per the proposal, is a cutting-edge cryptographic mechanism that leverages homomorphic hashing to revolutionize account management.

Unlike the current system, which can slow down and consume excessive resources as the network grows, the ALH is designed in such a way as to maintain the rapid updating of account states in real-time.

Moreover, the SIMD-0215 also proposes the removal of the Epoch Accounts Hash, which is currently in use and creates bottlenecks. By streamlining this process, the network’s throughput can be significantly improved. This will allow Solana crypto to handle larger volumes of transactions without compromising speed or reliability.

These innovations are especially timely and crucial because decentralized finance continues to drive user demand for scalable blockchain solutions. By adopting this proposal of SIMD-0215, the Solana crypto could position itself to remain a leader in the crypto space. Also, in the future also it could effectively compete with Ethereum and other evolving decentralized networks.

Additionally, it’s a decisive step toward Solana crypto’s vision of a blockchain infrastructure that can seamlessly serve billions without sacrificing performance.Solana Crypto Not Only Outpaces ETH & Other L-2s, it Leads in 24-Hours DEX Trading VolumeIn a surprising turn of events, Solana crypto has emerged as the frontrunner in decentralized exchange (DEX) trading activity. It has surpassed all Layer 2 solutions and Ethereum with a staggering $3.982 Billion in 24-hour trading volume.

This remarkable feat places Solana miles ahead of Ethereum. Where the rival-ETH recorded $1.706 Billion during the same period. While other networks also reported impressive DEX activity, their volumes were dwarfed compared to what Solana crypto’s performance is.

Moreover, Base achieved $1.207 billion in trading volume, followed by Binance Smart Chain (BSC) at $877.64 Million. Meanwhile, networks like Sui and Arbitrum posted $398.46 million and $360.93 million, respectively, further emphasizing Solana crypto’s commanding lead.

A key driver behind Solana’s success is its scalability, which enables it to handle thousands of transactions per second without succumbing to network congestion.

Additionally, as Solana crypto continues to gain traction, its dominance in DEX trading could signal a broader shift in the DeFi landscape. In the DeFi landscape, the traders could increasingly favor platforms that prioritize both performance and affordability, like Solana.Solana Reaches New Heights with $9.52 Billion in DeFi TVLSolana crypto has achieved a significant milestone in its decentralized finance (DeFi) ecosystem as it has surpassed $9.52 Billion in Total Value Locked (TVL). This level was last seen in 2021.

This resurgence highlights the network’s growing reputation as a scalable and efficient blockchain for hosting dApps and DeFi projects. As TVL steadily climbs, Solana crypto’s influence in the crypto space continues to expand.

The data shows that much of this growth majorly comes from the stablecoin market which contributes an impressive $5.523 Billion. This solidifies Solana crypto’s dominance in stablecoin transactions within the DeFi ecosystem.

In addition to rising TVL, Solana is excelling in transaction volume and network revenue.

Over the past 24 hours alone, the network processed transactions generating $4.35 Million in fees, with $2.18 Million turning into revenue. These numbers are a testament to the platform’s efficiency and the vitality of its ecosystem.

Another highlight is Solana crypto’s remarkable $3.98 Billion in 24-hour transaction volume across its decentralized applications. This performance underscores the network’s ability to handle high transaction volumes at a fraction of the cost compared to its competitors.

Solana’s combination of scalability, low transaction costs, and