• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
24 July Thursday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $118,921.23 ↑ 1.09%
Ethereum Ethereum (ETH) $3,705.62 ↑ 3.96%
XRP XRP (XRP) $3.21 ↓ -0.63%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.07%
BNB BNB (BNB) $779.36 ↑ 1.64%
Solana Solana (SOL) $186.85 ↓ -0.76%
USDC USDC (USDC) $1.00 ↓ -0.06%
Dogecoin Dogecoin (DOGE) $0.24 ↓ -2.38%
TRON TRON (TRX) $0.31 ↑ 1.22%
Cardano Cardano (ADA) $0.82 ↑ 0.42%
Hyperliquid Hyperliquid (HYPE) $42.44 ↓ -0.75%
Stellar Stellar (XLM) $0.43 ↑ 1.35%
Sui Sui (SUI) $3.82 ↑ 3.24%
Chainlink Chainlink (LINK) $18.31 ↑ 2.05%
Hedera Hedera (HBAR) $0.24 ↓ -1.83%
Bitcoin Cash Bitcoin Cash (BCH) $516.66 ↑ 1.81%
Avalanche Avalanche (AVAX) $23.97 ↑ 0.96%
Litecoin Litecoin (LTC) $112.53 ↓ -0.09%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↑ 0.26%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -1.53%
Toncoin Toncoin (TON) $3.17 ↑ 0.66%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.00%
Polkadot Polkadot (DOT) $4.03 ↓ -2.57%
Uniswap Uniswap (UNI) $10.19 ↑ 2.03%
Monero Monero (XMR) $326.54 ↑ 2.16%
Bitget Token Bitget Token (BGB) $4.62 ↓ -0.49%
Dai Dai (DAI) $1.00 ↑ 0.01%
Pepe Pepe (PEPE) $0.00 ↓ -1.65%
Aave Aave (AAVE) $289.74 ↑ 0.67%
Cronos Cronos (CRO) $0.13 ↑ 5.65%
Bittensor Bittensor (TAO) $424.14 ↓ -0.95%
Ethereum Classic Ethereum Classic (ETC) $22.50 ↑ 0.35%
Pi Pi (PI) $0.44 ↓ -0.72%
NEAR Protocol NEAR Protocol (NEAR) $2.75 ↑ 0.14%
Ondo Ondo (ONDO) $1.06 ↑ 4.60%
Aptos Aptos (APT) $4.69 ↓ -5.53%
Ethena Ethena (ENA) $0.48 ↑ 5.76%
Internet Computer Internet Computer (ICP) $5.59 ↑ 0.39%
OKB OKB (OKB) $48.25 ↓ -0.09%
Bonk Bonk (BONK) $0.00 ↑ 6.71%
Kaspa Kaspa (KAS) $0.10 ↓ -6.28%
Mantle Mantle (MNT) $0.75 ↓ -6.90%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -2.85%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -1.27%
Algorand Algorand (ALGO) $0.27 ↑ 0.25%
Arbitrum Arbitrum (ARB) $0.44 ↑ 0.69%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
VeChain VeChain (VET) $0.03 ↓ -1.49%
GateToken GateToken (GT) $17.51 ↓ -0.33%
Render Render (RENDER) $4.13 ↓ -0.97%
Worldcoin Worldcoin (WLD) $1.16 ↓ -3.95%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.97 ↓ -1.18%
Sei Sei (SEI) $0.32 ↓ -1.64%
Cosmos Cosmos (ATOM) $4.69 ↓ -0.63%
Sky Sky (SKY) $0.08 ↑ 0.95%
Filecoin Filecoin (FIL) $2.61 ↓ -1.14%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.66%
SPX6900 SPX6900 (SPX) $1.81 ↓ -3.08%
Jupiter Jupiter (JUP) $0.55 ↓ -4.18%
Flare Flare (FLR) $0.02 ↓ -0.51%
Story Story (IP) $5.31 ↑ 10.77%
KuCoin Token KuCoin Token (KCS) $12.12 ↑ 0.65%
Quant Quant (QNT) $120.62 ↓ -1.13%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
XDC Network XDC Network (XDC) $0.09 ↓ -5.25%
Injective Injective (INJ) $13.72 ↑ 0.09%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↓ -10.63%
Four Four (FORM) $3.53 ↑ 2.14%
Curve DAO Token Curve DAO Token (CRV) $0.98 ↑ 5.14%
Celestia Celestia (TIA) $1.85 ↓ -6.51%
Stacks Stacks (STX) $0.79 ↓ -0.91%
FLOKI FLOKI (FLOKI) $0.00 ↓ -3.64%
Optimism Optimism (OP) $0.70 ↑ 0.05%
dogwifhat dogwifhat (WIF) $1.06 ↓ -9.24%
Ethereum Name Service Ethereum Name Service (ENS) $28.94 ↑ 2.95%
Immutable Immutable (IMX) $0.55 ↓ -5.09%
The Graph The Graph (GRT) $0.10 ↑ 1.28%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.56 ↓ -9.13%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -23.60%
Kaia Kaia (KAIA) $0.16 ↓ -1.58%
Lido DAO Lido DAO (LDO) $1.09 ↑ 0.69%
Sonic Sonic (S) $0.34 ↓ -3.18%
PAX Gold PAX Gold (PAXG) $3,374.98 ↓ -0.49%
Tezos Tezos (XTZ) $0.90 ↑ 1.17%
Vaulta Vaulta (A) $0.58 ↓ -4.90%
PancakeSwap PancakeSwap (CAKE) $2.64 ↓ -2.85%
Conflux Conflux (CFX) $0.17 ↑ 1.34%
Theta Network Theta Network (THETA) $0.87 ↓ -4.46%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -3.89%
Nexo Nexo (NEXO) $1.32 ↑ 0.66%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Raydium Raydium (RAY) $3.16 ↑ 4.05%
Tether Gold Tether Gold (XAUt) $3,369.41 ↓ -0.48%
IOTA IOTA (IOTA) $0.20 ↓ -2.48%
Gala Gala (GALA) $0.02 ↓ -3.35%
The Sandbox The Sandbox (SAND) $0.30 ↓ -2.37%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.10%
Pendle Pendle (PENDLE) $4.38 ↓ -0.77%
Pyth Network Pyth Network (PYTH) $0.13 ↓ -4.68%
Jito Jito (JTO) $2.02 ↑ 0.29%
Bitcoin Bitcoin (BTC) $118,921.23 ↑ 1.09%
Ethereum Ethereum (ETH) $3,705.62 ↑ 3.96%
XRP XRP (XRP) $3.21 ↓ -0.63%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.07%
BNB BNB (BNB) $779.36 ↑ 1.64%
Solana Solana (SOL) $186.85 ↓ -0.76%
USDC USDC (USDC) $1.00 ↓ -0.06%
Dogecoin Dogecoin (DOGE) $0.24 ↓ -2.38%
TRON TRON (TRX) $0.31 ↑ 1.22%
Cardano Cardano (ADA) $0.82 ↑ 0.42%
Hyperliquid Hyperliquid (HYPE) $42.44 ↓ -0.75%
Stellar Stellar (XLM) $0.43 ↑ 1.35%
Sui Sui (SUI) $3.82 ↑ 3.24%
Chainlink Chainlink (LINK) $18.31 ↑ 2.05%
Hedera Hedera (HBAR) $0.24 ↓ -1.83%
Bitcoin Cash Bitcoin Cash (BCH) $516.66 ↑ 1.81%
Avalanche Avalanche (AVAX) $23.97 ↑ 0.96%
Litecoin Litecoin (LTC) $112.53 ↓ -0.09%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↑ 0.26%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -1.53%
Toncoin Toncoin (TON) $3.17 ↑ 0.66%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.00%
Polkadot Polkadot (DOT) $4.03 ↓ -2.57%
Uniswap Uniswap (UNI) $10.19 ↑ 2.03%
Monero Monero (XMR) $326.54 ↑ 2.16%
Bitget Token Bitget Token (BGB) $4.62 ↓ -0.49%
Dai Dai (DAI) $1.00 ↑ 0.01%
Pepe Pepe (PEPE) $0.00 ↓ -1.65%
Aave Aave (AAVE) $289.74 ↑ 0.67%
Cronos Cronos (CRO) $0.13 ↑ 5.65%
Bittensor Bittensor (TAO) $424.14 ↓ -0.95%
Ethereum Classic Ethereum Classic (ETC) $22.50 ↑ 0.35%
Pi Pi (PI) $0.44 ↓ -0.72%
NEAR Protocol NEAR Protocol (NEAR) $2.75 ↑ 0.14%
Ondo Ondo (ONDO) $1.06 ↑ 4.60%
Aptos Aptos (APT) $4.69 ↓ -5.53%
Ethena Ethena (ENA) $0.48 ↑ 5.76%
Internet Computer Internet Computer (ICP) $5.59 ↑ 0.39%
OKB OKB (OKB) $48.25 ↓ -0.09%
Bonk Bonk (BONK) $0.00 ↑ 6.71%
Kaspa Kaspa (KAS) $0.10 ↓ -6.28%
Mantle Mantle (MNT) $0.75 ↓ -6.90%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -2.85%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -1.27%
Algorand Algorand (ALGO) $0.27 ↑ 0.25%
Arbitrum Arbitrum (ARB) $0.44 ↑ 0.69%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.01%
VeChain VeChain (VET) $0.03 ↓ -1.49%
GateToken GateToken (GT) $17.51 ↓ -0.33%
Render Render (RENDER) $4.13 ↓ -0.97%
Worldcoin Worldcoin (WLD) $1.16 ↓ -3.95%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.97 ↓ -1.18%
Sei Sei (SEI) $0.32 ↓ -1.64%
Cosmos Cosmos (ATOM) $4.69 ↓ -0.63%
Sky Sky (SKY) $0.08 ↑ 0.95%
Filecoin Filecoin (FIL) $2.61 ↓ -1.14%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↑ 0.66%
SPX6900 SPX6900 (SPX) $1.81 ↓ -3.08%
Jupiter Jupiter (JUP) $0.55 ↓ -4.18%
Flare Flare (FLR) $0.02 ↓ -0.51%
Story Story (IP) $5.31 ↑ 10.77%
KuCoin Token KuCoin Token (KCS) $12.12 ↑ 0.65%
Quant Quant (QNT) $120.62 ↓ -1.13%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.01%
XDC Network XDC Network (XDC) $0.09 ↓ -5.25%
Injective Injective (INJ) $13.72 ↑ 0.09%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↓ -10.63%
Four Four (FORM) $3.53 ↑ 2.14%
Curve DAO Token Curve DAO Token (CRV) $0.98 ↑ 5.14%
Celestia Celestia (TIA) $1.85 ↓ -6.51%
Stacks Stacks (STX) $0.79 ↓ -0.91%
FLOKI FLOKI (FLOKI) $0.00 ↓ -3.64%
Optimism Optimism (OP) $0.70 ↑ 0.05%
dogwifhat dogwifhat (WIF) $1.06 ↓ -9.24%
Ethereum Name Service Ethereum Name Service (ENS) $28.94 ↑ 2.95%
Immutable Immutable (IMX) $0.55 ↓ -5.09%
The Graph The Graph (GRT) $0.10 ↑ 1.28%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.56 ↓ -9.13%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -23.60%
Kaia Kaia (KAIA) $0.16 ↓ -1.58%
Lido DAO Lido DAO (LDO) $1.09 ↑ 0.69%
Sonic Sonic (S) $0.34 ↓ -3.18%
PAX Gold PAX Gold (PAXG) $3,374.98 ↓ -0.49%
Tezos Tezos (XTZ) $0.90 ↑ 1.17%
Vaulta Vaulta (A) $0.58 ↓ -4.90%
PancakeSwap PancakeSwap (CAKE) $2.64 ↓ -2.85%
Conflux Conflux (CFX) $0.17 ↑ 1.34%
Theta Network Theta Network (THETA) $0.87 ↓ -4.46%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -3.89%
Nexo Nexo (NEXO) $1.32 ↑ 0.66%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Raydium Raydium (RAY) $3.16 ↑ 4.05%
Tether Gold Tether Gold (XAUt) $3,369.41 ↓ -0.48%
IOTA IOTA (IOTA) $0.20 ↓ -2.48%
Gala Gala (GALA) $0.02 ↓ -3.35%
The Sandbox The Sandbox (SAND) $0.30 ↓ -2.37%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↓ -0.10%
Pendle Pendle (PENDLE) $4.38 ↓ -0.77%
Pyth Network Pyth Network (PYTH) $0.13 ↓ -4.68%
Jito Jito (JTO) $2.02 ↑ 0.29%
Home News

Solana DEX Volume Explodes to $60M: Is Ethereum in Trouble?

Jonathan Swift by Jonathan Swift
11 February 2025
in News, Economy, en
Reading Time: 5 mins read
0
Solana blockchain 2025

In landscape of decentralized finance (DeFi), a compelling narrative is unfolding: Solana’s decentralized exchanges (DEXs) are not just gaining ground—they’re leading the charge. As of February 11, 2025, Solana’s DEXs have reported a staggering $60 million in trading volume, nearly doubling Ethereum’s $34 million in the same timeframe.

Table of Contents

Toggle
  • The Meteoric Rise of Solana’s DEXs
    • YOU MAY BE INTERESTED
    • USDT 2.0? Tether Launches New U.S.-Regulated Stablecoin for Banks
    • If Bonk Was a Missed Catch, MoonBull Might Be Your Ticket to the Top Meme Coins to Watch
  • Revenue Streams: Solana’s Financial Upswing
  • The Meme Coin Phenomenon: A Catalyst for Growth
  • Challenges Ahead: The TVL Disparity
  • Expert Insights: The Road Ahead
  • Conclusion: Solana’s Ascendancy in the DeFi Arena
    • FAQs
      • What factors contribute to Solana’s dominance in DEX trading volumes?
      • How has meme coin trading influenced Solana’s growth?
      • What challenges does Solana face despite its recent successes?
      • How does Solana’s Proof of History (PoH) protocol benefit its network?
      • What is the significance of Solana’s recent revenue generation compared to Ethereum?
  • Glossary of Key Terms
    • Sources

The Meteoric Rise of Solana’s DEXs

Since October 2024, Solana has consistently outperformed Ethereum in DEX trading volumes. In January 2025 alone, Solana-based DEXs achieved a monumental $258 billion in trading volume, leaving Ethereum’s $86 billion in the dust.

YOU MAY BE INTERESTED

USDT 2.0? Tether Launches New U.S.-Regulated Stablecoin for Banks

USDT 2.0? Tether Launches New U.S.-Regulated Stablecoin for Banks

24 July 2025
image 595

If Bonk Was a Missed Catch, MoonBull Might Be Your Ticket to the Top Meme Coins to Watch

24 July 2025

This surge is not solely about numbers; it’s about the underlying factors driving this growth. Solana’s low transaction fees and high throughput have made it an attractive platform for developers and traders alike. The network’s ability to handle a high volume of transactions efficiently has been a significant draw.

Solana DEX Volume Explodes to $60M: Is Ethereum in Trouble?

Revenue Streams: Solana’s Financial Upswing

Beyond trading volumes, Solana is making impressive strides in revenue generation. In January 2025, the network generated $124 million in revenue, surpassing Ethereum’s $109 million. This trend has continued into February, with Solana already amassing $25 million compared to Ethereum’s $16 million.

These figures underscore Solana’s growing influence in the DeFi space. Despite its reputation for low transaction costs, the network’s ability to generate substantial revenue speaks volumes about its adoption and utilization.

ADVERTISEMENT

Solana SOL Ethereum ETH

The Meme Coin Phenomenon: A Catalyst for Growth

A significant driver behind Solana’s recent success is the surge in meme coin trading on its DEXs. Platforms like Raydium have become hotspots for meme coin activity, contributing to record-breaking volumes.

This meme coin mania has not only boosted trading volumes but also attracted a new wave of retail traders to the Solana ecosystem. The network’s low fees and fast transaction times make it an ideal environment for high-frequency trading, further fueling its growth.

Challenges Ahead: The TVL Disparity

Despite its impressive performance, Solana faces challenges, particularly in terms of Total Value Locked (TVL). As of now, Solana’s TVL stands at $9 billion, significantly lower than Ethereum’s $57 billion.

This disparity indicates that while Solana is excelling in trading volumes and revenue, it still has ground to cover in attracting and locking in assets within its DeFi protocols. Addressing this gap will be crucial for Solana’s sustained growth and competitiveness.

Expert Insights: The Road Ahead

Industry experts are taking note of Solana’s rapid ascent. Jason Lau, Chief Innovation Officer at OKX, remarked, “The trajectory of DEX growth we’ve seen over the past year is something I expect to continue in 2025. Solana, with 48% of overall DEX volume, has been driving much of this growth.”

Analysts attribute Solana’s success to its unique Proof of History (PoH) protocol, which enables high transaction speeds without compromising security. This technological edge, combined with a burgeoning ecosystem of DeFi applications, positions Solana as a formidable contender in the blockchain space.

Conclusion: Solana’s Ascendancy in the DeFi Arena

Solana’s impressive performance in DEX trading volumes and revenue generation marks a significant shift in the DeFi landscape. While challenges like the TVL disparity remain, the network’s technological advantages and growing adoption suggest a promising future.

As the DeFi sector continues to evolve, Solana’s trajectory will be a focal point for investors, developers, and traders alike. Its recent achievements underscore the dynamic nature of the crypto space and the potential for emerging platforms to redefine the market.

Stay connected with TurkishNY Radio for more news.

FAQs

  1. What factors contribute to Solana’s dominance in DEX trading volumes?

    Solana’s low transaction fees, high throughput, and efficient handling of a large number of transactions make it an attractive platform for DEX trading.

  2. How has meme coin trading influenced Solana’s growth?

    The surge in memecoin trading on Solana’s DEXs has significantly boosted trading volumes and attracted a new wave of retail traders to the ecosystem.

  3. What challenges does Solana face despite its recent successes?

    Despite impressive trading volumes and revenue, Solana’s Total Value Locked (TVL) is significantly lower than Ethereum’s, indicating room for growth in attracting and locking in assets within its DeFi protocols.

  4. How does Solana’s Proof of History (PoH) protocol benefit its network?

    Solana’s PoH protocol enables high transaction speeds without compromising security, providing a technological edge over some competitors.

  5. What is the significance of Solana’s recent revenue generation compared to Ethereum?

    In January 2025, Solana generated $124 million in revenue, surpassing Ethereum’s $109 million, highlighting its growing influence in the DeFi space.

Glossary of Key Terms

  • Decentralized Exchange (DEX): A platform that allows users to trade cryptocurrencies directly with each other without the need for a centralized authority.

  • Total Value Locked (TVL): The total value of assets locked within a DeFi protocol, indicating the overall health and usage of the platform.

  • Proof of History (PoH): A consensus mechanism used by Solana that provides a verifiable way to confirm the passage of time between events, enabling high transaction speeds.

  • Memecoin: A cryptocurrency based on internet memes, often created as a joke but sometimes gaining significant trading volume.

Sources

coindesk.com

cryptobriefing.com

Tags: decentralized exchangesEthereum (ETH)Solana
Previous Post

Dogecoin Struggles to Break Resistance: Will Bulls Take Control or Fade Away?

Next Post

Can Binance Coin (BNB) Surge? Market Sentiment Signals a Shift

Jonathan Swift

Jonathan Swift

A crypto journalist with an understanding of blockchain technology. Skilled in simplifying complex topics for diverse audiences, from beginners to experts. Because I believe in words as they are the children of mind.

SIMILAR NEWS

USDT 2.0? Tether Launches New U.S.-Regulated Stablecoin for Banks
News

USDT 2.0? Tether Launches New U.S.-Regulated Stablecoin for Banks

24 July 2025
image 595
Cryptocurrency

If Bonk Was a Missed Catch, MoonBull Might Be Your Ticket to the Top Meme Coins to Watch

24 July 2025
Binance Coin rally
News

Binance Coin Rally: How BNB’s Price Could Surge Toward $900

24 July 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • USDT 2.0? Tether Launches New U.S.-Regulated Stablecoin for Banks
  • If Bonk Was a Missed Catch, MoonBull Might Be Your Ticket to the Top Meme Coins to Watch
  • Binance Coin Rally: How BNB’s Price Could Surge Toward $900
  • Best 100x Crypto Play: Troller Cat Stuns with 1833% ROI While Bonk and Brett Run on Hype
  • FTX Repayment Sparks FTT Sell-Off: Can the Token Rebound by October?

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English