Data from CoinGeko shows that Solana-based decentralized exchange (DEX) Jupiter recently surpassed Ethereum’s foremost DEX Uniswap in an important metric. This has created a narrative that the SOL network might indeed be ready to take over Ethereum’s position as the King of Decentralized Finance (DeFi).
Jupiter Surpasses Uniswap In Trading Volume
According to CoinGeko, Jupiter has recorded over $510 million in trading volume in the last 24 hours, surpassing Ethereum’s Uniswap V3 and V2, which recorded $455 and $76 million respectively. Jupiter’s recent dominance is believed to be partly due to the recent WEN airdrop that occurred on its launchpad.
This airdrop caused a splurge of new money into the Solana ecosystem and Jupiter in particular. While that may be the case, it also highlights a new trend that looks to be developing in the crypto ecosystem. This is in reference to the fact that the Solana network has been going toe-to-toe with Ethereum as of late.
Data from DeF
We współpracy z: https://bitcoinist.com/jupiter-uniswap-solana-ethereum/
