PANews reported on April 2 that according to CoinDesk, in March 2025, the total transaction volume of Ethereum decentralized exchanges (DEX) reached 64.616 billion US dollars, surpassing Solana's 52.62 billion US dollars, returning to the top of the industry for the first time since September last year. Affected by the market downturn and the decline in the popularity of memecoin, the activity of DEXs such as Raydium on the Solana chain has declined significantly. Although Ethereum DEX has a leading transaction volume, the price of ETH fell by more than 18% in March, a larger drop than SOL's 15.8%.