Despite recent gloomy narratives surrounding Ethereum, new data indicates the blockchain network should not yet be counted out.
Ethereum and Solana Trading Volumes
According to DefiLlama, Ethereum has managed to surpass Solana in monthly DEX volume for the first time since November, with $64.7 billion compared to Solana's $52.6 billion. BNB Chain (BSC) is in third place with $44.2 billion.
Decentralized Exchange Market
Ethereum currently leads this month, though its margin over Solana is slim ($3.3 billion and $3.2 billion, respectively). Uniswap remains the most popular DEX with a weekly trading volume of over $9 billion.
Ethereum's Prospects
Even though Ethereum saw lackluster price action in the first quarter, losing 38% against Bitcoin in 2025, data shows it remains a formidable player in the DeFi sector despite fierce competition from rivals like Solana.
While Ethereum has faced challenges, it shows strength in key metrics, underscoring its importance in the crypto industry.