Ethereum has left Solana for the first time since September and took back the leading Blockchain position for the non -decentralized stock market (Dex) trade. The change in leadership came with a significant decline in the activities in Solana -based Raydium and Pump.fun. Despite Ethereum’s superior performance, ETH price fell over 18 percent in March. Experts attribute this decrease to inflationist tokenomics and the increasing popularity of layer 2 solutions.
Ethereum re -leading Blockchain!
Last month, Ethereum recovered the title of Blockchain, a leading smart contract for the decentralized stock market (Dex) trade. Because the event in Solana, the platform for breast coin traders in the market, fell.
According to Data Source Fashion Show, Ethereum -based Dex recorded a cumulative trading volume of $ 64,616 billion in March. Thus, Solana left behind 22 %of $ 52.62 billion. Ethereum, for the first time since September, took part in the list and pushed Solana to number two.
The best blockchains according to dex trading volumes. Source: fashion showThe decline tendency in the market hit the Solana -based Raydium!
The change in leadership took place with the decrease in the total crypto market capitalization by 4.2 %to $ 2.63 trillion and expanded its 20 %loss in February. Combined with the disappointment of macroeconomic uncertainty and the lack of new BTC purchases in the US strategic reserve, Bitcoin fell below $ 80,000.
The decline tendency in the market also led to a significant decline in the activity in Raydium, a hot point for breast coin trade at the end of the Solana -based Dex and 2024. Because the tendency to decline in the market has reduced speculation, especially in the breast coin industry. According to the fashion show data, Raydium did not record a single day with a transaction volume exceeding $ 1 billion during March. In addition, on January 18, he experienced a significant decrease in the $ 13 billion record level.
In addition, the daily volume on the solea -based breast coin launch ramp decreased significantly from the $ 390 million summit in the middle of the January and remained below $ 100 million in March. Kriptokoin.comAs you have followed from the Solana -based Dex, the activity in January reached the summit with the release of President Donald Trump’s Trump token.
Ethereum performed worse than Solana
Meanwhile, Ethereum owes its superior performance to UNİSWAP, which has achieved more than $ 30 billion transaction volume. In addition, Fluid ranked second with $ 9 billion.
According to the latest data, Ethereum’s ETH Token fell to $ 1,822 with a decrease of more than 18 %in March. On the other hand, Solana’s left Token decreased by 15.8 %. Therefore, ETH saw a greater loss compared to the left. According to experts, the increasing popularity of ETH’s inflationary tokenomics and layer 2 solutions is responsible for the low performance of ETH.
