As per the latest data from DeFiLlama, the on-chain Decentralized Exchange (DEX) transaction volume on the Ethereum network experienced a significant drop of nearly 44% on March 23. The DEX volume stood at $1.461 billion, falling from the previous day's volume of $2.598 billion.
In comparison, Solana's DEX held the second position with a transaction volume of $919.18 million, whereas Binance Smart Chain (BSC) DEX's transaction volume was at $509.8 million, ranking third.
