PANews reported on February 11 that according to CoinDesk, although the range-bound crypto market has failed to inspire traders' enthusiasm, Solana is expected to surpass Ethereum and other smart contract blockchains in decentralized exchange (DEX) trading volume for four consecutive months. According to DeFiLlama data, the total trading volume of Solana-based DEX this month was slightly over $60 million, almost twice the $34 million trading volume of Ethereum.

Tagus Capital said: "Solana's lower transaction fees and higher throughput continue to attract developers and users, highlighting its growing role in the decentralized finance sector." Solana has maintained its leading position since October last year. Notably, in January, the trading volume of Solana-based DEX reached $258 billion, while Ethereum's trading volume was only $86 billion.