With the advantages of fast transaction speed and low gas fees, Solana has captured the vast majority of trading volume during the meme season, driving a surge in its DEX trading volume. Recent data shows that in January, Solana's leading DEX, Raydium, surpassed Ethereum's leading DEX, Uniswap, becoming the dominant platform for DEX trading volume. (Background: Altcoins crash) Ethereum erases six months of gains, XRP plunges 40% in one day, SOL drops below $180, and 710,000 people liquidate over $2 billion) (Supplementary background: Predictions from Shen Yu about opportunities in the cryptocurrency sphere over the next 18 months: US BTC reserves being implemented, three turning points for Ethereum, Solana ETF approval…) According to data from The Block, Raydium accounted for 27.1% of the total DEX trading volume in January, officially surpassing Uniswap to become the largest DEX trading platform. The trading volumes of both platforms showed upward and downward trends over these two months, with Raydium's market share growing from 18.8% in December last year to 27.1% in January, while Uniswap's share fell from 34.5% in December last year to 22% in January. Additionally, PancakeSwap held 17.23% of the DEX trading volume in January, ranking third, while Meteora and Aerodrome ranked fourth and fifth, accounting for 8.72% and 6.12% of DEX trading volume, respectively. It is worth mentioning that DEX trading volume on Solana surged in January, far exceeding Ethereum, with a trading volume in one week that was five times that of Ethereum (not including the trading volume on Ethereum Layer 2 networks). In fact, influenced by the surge in Raydium's trading volume, DEX trading volume on Solana first surpassed Ethereum back in October last year. The explosive growth of DEX trading volume on Solana in January is likely attributed to the official meme coin launched by US President Trump, which created a wave of excitement after its launch and quickly rose to become one of the top cryptocurrencies by market capitalization. Is Ethereum's outlook bleak? Affected by the official tariff war initiated by US President Trump, the cryptocurrency market today experienced a massive crash, where Ethereum, which had just briefly surpassed $3400 last week, plummeted to $2086, falling back to the price level of August last year. This has left the community, which has been increasingly dissatisfied with Ethereum's market performance and the Ethereum Foundation's fund management, even more disappointed. Recent ecological developments for Ethereum have not seen significant breakthroughs, and coupled with high gas fee issues, on-chain users have been avoiding it, further leading to the continuous stagnation of its coin price. In contrast, Solana, with its fast transaction speed and low gas fees, dominated most of the trading volume during the meme season, driving a surge in its DEX trading volume. Due to profound disappointment with the Ethereum Foundation, Eric Conner, a core developer who previously announced his withdrawal from the Ethereum community, recently criticized that Solana has entered the core circle of Washington while Ethereum is in a bad state, with no support for Ethereum in the Trump administration. However, some still hold hope for Ethereum. Joseph Lubin, founder of Consensys and co-founder of Ethereum, rebutted that the Trump family's cryptocurrency project, World Liberty Financial, recently purchased over $250 million worth of ETH to establish their DeFi business. Related reports: Which institutions hold Ethereum ETFs? A complete list of 13F filings. Sun Yuchen: The Ethereum Foundation lets me lead; ETH can break $4500 in a week, throwing out four major growth strategies. Ethereum faces internal troubles! The father of EIP-1559 and core developer Eric Conner announces his exit from the ETH community. "Solana leader Raydium's trading volume surpasses Uniswap in January, is Ethereum really abandoned?" This article was first published by BlockTempo (the most influential blockchain news media).