#Solana Bypasses #Ethereum : Learn how it seized the trading volume lead and why it matters!

In July 2024, Solana ($SOL ) surpassed Ethereum ($ETH ) in trading volume on decentralized exchanges for the first time, reaching $55.876 billion, compared to Ethereum's $53.868 billion.

This is due to Solana's high transaction processing speed and low fees. SOL also attracts developers due to the cost-effectiveness and speed of creating smart contracts, with active daily addresses exceeding 1.6 million, supporting the growth of the ecosystem.