Despite the fact that the discourse surrounding Ethereum has been largely dominated by “doom and gloom” narratives over the previous month, latest information reveals that the favored blockchain community shouldn’t be written off simply but.
In keeping with information offered by DefiLlama, Ethereum has managed to surpass Solana in month-to-month decentralized trade (DEX) quantity for the primary time since November. The 2 chains logged $64.7 billion and $52.6 billion value of buying and selling quantity, respectively. BNB Chain (BSC) is available in third place with $44.2 billion.
Thus far, Ethereum can be within the lead this month, however its lead over Solana may be very slim ($3.3 billion and $3.2 billion, respectively).
In March, Ethereum was solely in third place (behind Solana and BNB).
Uniswap stays the preferred decentralized trade with a weekly buying and selling quantity of over $9 billion.
Ethereum’s dismal value motion was one of many foremost tales of the primary quarter. The main altcoin has collapsed by one other 38% towards Bitcoin in 2025 after shedding 33% in 2024. It’s now within the pink for the fourth consecutive 12 months.
The underperformance has been partially attributed to layer-2 networks stealing the community’s luster.
That mentioned, the latest information reveals that Ethereum stays a formidable participant within the DeFi sector regardless of going through stiff competitors from its numerous “killers,” together with Solana.
SOL has thus far considerably outperformed ETH this 12 months, gaining 15%.
