Uniswap Bounces Back From Slow Summer

Solana’s decentralized exchange (DEX) dominance over Ethereum’s has been a staple of 2024, but Uniswap, the largest Ethereum DEX, is regaining traction. After Solana vs Ethereum weekly DEX dominance topped out at over 200% in November, the ratio has reverted to 120% over the last week as Ethereum and Base DEX volumes surged, while Solana’s remained flat. Base is an Ethereum Layer 2. Over the last seven days, Solana’s weekly DEX volume is down 0.15% to $30 billion, while Ethereum’s is up 10% to $25 billion, and Base’s is up 2% to $13 billion. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant