Here’s the scoop:
- Ethereum is back, baby! It’s the top dog in the decentralized exchange (DEX) world, pushing Solana to the curb for the first time since the days of pumpkin spice lattes.
- While the market was feeling as blue as a meme’s Monday, Solana’s DEXes, like Raydium and Pump.fun, took a dive deeper than the Titanic. Sad trombone, indeed.
- Ethereum was flexing its muscles, but its ether token still took an 18% punch to the gut. Blame it on the inflation or the cool kids moving to Layer 2. Either way, ouch!
Last month, Ethereum was like, “Move over, Solana, I’m the king of the DEX castle again!” And it was all thanks to the market taking a snooze, leaving Solana in the dust.
Ethereum’s DEXes racked up a whopping $64.616 billion in trading volume, making Solana’s $52.62 billion look like chump change. That’s a 22% difference, folks! Ethereum’s like the cool kid who just got back from summer vacation, and everyone wants to be friends again.
While the crypto market was like, “Oops, we did it again,” with a 4.2% nosedive, Ethereum was busy plotting its comeback. Bitcoin was like, “I’m too cool for $80,000,” and took a dip too.
The bear market was like a bad joke, killing the vibe for memecoins. Raydium, the Solana hotspot, was as quiet as a library. No billion-dollar days for you!
And let’s not forget the Solana-based memecoin launch pad. It was averaging less than $100 million a day in March, a far cry from its peak. Remember when President Trump’s TRUMP token made it go wild? Good times.
But Ethereum had Uniswap, the DEX superhero, saving the day with over $30 billion in trading volume. Fluid was like, “I’ll take second place, thanks.”
Even with Ethereum’s win, its ether token was like, “Why me?” as it fell over 18%. Meanwhile, Solana’s SOL token was like, “I’m just a little less sad.”
Experts say it’s all because of ether’s tokenomics and the Layer 2 revolution. Ethereum’s like, “Thanks, guys. Real supportive.”
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2025-04-01 09:53