Solana just swallowed a third of DeFi activity.
By Maxime Laurent · 2026-02-05 09:14
Solana just swallowed a third of DeFi activity.
$SOL-powered DeFi now handles ~35% of all DEX volume, leaving $ETH and others far behind.
January numbers are loud. Solana finished the month at $117.7B in DEX volume, up +20% vs December, and now routes almost 35% of all DeFi transactions. That’s not a spike — that’s dominance.
Meanwhile, Ethereum sits at $52.8B, basically less than half of Solana’s flow. BNB Chain follows closely with $51.3B, while Base and Arbitrum take fourth and fifth place.
This isn’t about ideology anymore. It’s about throughput, UX, and cost. Traders go where things work fast and don’t feel like a tax. Solana still has scars, sure — but right now, liquidity doesn’t care about old tweets, it cares about execution.
DeFi isn’t choosing sides. It’s choosing efficiency. And this month, Solana ate well. Très clair. 🌊
#defi #solana #ethereum #dex #crypto #onchain #markets #liquidity
$SOL-powered DeFi now handles ~35% of all DEX volume, leaving $ETH and others far behind.
January numbers are loud. Solana finished the month at $117.7B in DEX volume, up +20% vs December, and now routes almost 35% of all DeFi transactions. That’s not a spike — that’s dominance.
Meanwhile, Ethereum sits at $52.8B, basically less than half of Solana’s flow. BNB Chain follows closely with $51.3B, while Base and Arbitrum take fourth and fifth place.
This isn’t about ideology anymore. It’s about throughput, UX, and cost. Traders go where things work fast and don’t feel like a tax. Solana still has scars, sure — but right now, liquidity doesn’t care about old tweets, it cares about execution.
DeFi isn’t choosing sides. It’s choosing efficiency. And this month, Solana ate well. Très clair. 🌊
#defi #solana #ethereum #dex #crypto #onchain #markets #liquidity
Disclaimer: This content is for informational purposes only and not financial advice.