Solana Manages To Surpass Polygon In Daily DEX Volume
It has been just revealed that Solana managed to overcome MATIC in terms of daily DEX volume. Check out more details about the new report below. Solana vs Polygon Solana (SOL), a competitor to Ethereum (ETH), is continui...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It has been just revealed that Solana managed to overcome MATIC in terms of daily DEX volume. Check out more details about the new report below.
Solana vs PolygonSolana (SOL), a competitor to Ethereum (ETH), is continuing its upward momentum by surpassing Polygon (MATIC), a layer-2 scaling solution, in daily decentralized exchange (DEX) volume.
According to the latest data from blockchain tracking platform Artemis, Solana has exceeded MATIC in both overall DEX volume and the number of daily transactions.
It is also worth noting the fact that starting yesterday, Solana had a DEX volume of $240.5 million, which is higher than Polygon’s $137.5 million.
Recent data shows that Solana has surpassed Polygon as well as other popular digital assets such as ETH and Avalanche (AVAX) in terms of daily transactions.
Solana managed to record millions more daily transactions compared to its competitors, with 19.5 million on November 2nd, while ETH had only 1.05 million, MATIC had 2.59 million, and AVAX had 192,000.
Another issue that we should mention, according to the online publication the Daily Hodl, themarket cap charts reveal that SOL has been outpacing other digital assets since the beginning of October, setting itself apart in November.
Solana’s growth has been reflected in its price, with the smart contract platform experiencing a 300% increase in value since January 1, 2023, when it was trading for just $9.97.
At the moment of writing this article, Solana is trading at $39.36, which indicates a fractional decrease during the past 24 hours.
Recently, two well-known crypto experts shared their views on the rising popularity of Solana. Raoul Paul, a macro guru, referred to Solana as a “rocket ship” after the launch of Firedance, a new validator client for the SOL blockchain that has improved its scalability and speed.
A few days later, a pseudonymous crypto trader named Pentoshi predicted that the Ethereum rival would temporarily drop to the $32 range before making another upward move.
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Machi Big Brother sells 3 Bored Apes to cut his Ethereum long in 52%, but liquidation moved to just $22 away
Three Bored Ape sales at steep losses accompanied a month-long contraction in the leveraged Ethereum account that Lookonchain publ...
Tokenized transactions surge to $5.3 billion but generate just $14M as costs soar by 56%
Securitize, a platform that issues and services tokenized securities, expanded the activity flowing through its system in the seco...
Spot DEXs on Solana see $5.8B in trading volume for tokenized stocks
Solana's dominance in tokenized stock trading highlights the potential for decentralized finance to revolutionize global equity ma...
A Bitcoin treasury with $67 million in BTC has just $5,397 in cash and needs money immediately
Bitcoin treasury holder CIMG Inc. said in its Aug. 13 quarterly filing that it needs to raise capital immediately, even though it...
Kraken parent Payward posts $508 million in Q2 adjusted revenue as growth broadens beyond crypto trading
Kraken parent Payward posted $508M in Q2 adjusted revenue, up 17%, as funded accounts grew 42% to 6.6M and volume fell 13% to $310...
A staked Ethereum ETF processed $48M in redemptions while keeping 86% of ETH locked, 21Shares filing shows
The 21Shares Ethereum ETF, which trades as TETH, reported $48.4 million in TETH redemptions during the first half of 2026 and ende...